Creating a crypto exchange
The client is a fintech company specializing in cryptocurrency investments and blockchain technologies. The business is actively seeking opportunities for expansion by adopting innovative digital asset solutions.
About the Client
The client is a fintech company specializing in providing innovative payment solutions for online businesses and e-commerce. Focusing on user convenience and high security, the company aims to integrate modern cryptocurrency solutions to expand its capabilities. The client’s payment platform supports a wide range of currencies and payment methods, including bank transfers, credit and debit cards, and e-wallets.
Our specialists were tasked with implementing cryptocurrency processing as a new service, allowing users to make payments in cryptocurrencies. This initiative was driven by the growing demand for cryptocurrency payments among the company’s clients and its strategic goal of staying competitive in the market.
Project Objectives
The implementation of cryptocurrency processing on the client’s platform was designed to enable users to make payments in digital currencies. This solution was to be accompanied by secure transactions, integration with existing payment systems, and compliance with regulatory requirements in various jurisdictions.
Additionally, it was essential to create an intuitive user interface capable of handling a large volume of transactions and scaling with business growth.
The project aimed to support a range of major cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), Tether (USDT), BNB, Solana (SOL), and USDC, allowing users to choose the most convenient payment method. The implementation also included the ability to convert digital currencies into fiat money for easier further transactions and reporting.
Sky Business Group’s team focused on developing a transaction monitoring system to prevent fraud and ensure compliance with KYC (Know Your Customer) and AML (Anti-Money Laundering) standards. This ensured a high level of user trust and compliance with international standards.
Overall, the project involved close collaboration with the client to develop a reliable and efficient solution that aligned with business goals and supported market expansion through the adoption of modern cryptocurrency technologies.
Implementation Process
The circulation of digital currencies continues to grow, so the project to implement cryptocurrency processing required adaptation to rapid market and technological changes.
- Planning and Architecture Development: At the initial stage, the client’s requirements were assessed, including an analysis of the existing infrastructure and regulatory restrictions, and a detailed project plan was created. The developed architecture included key components: the cryptocurrency processing module, integration with payment gateways, a transaction monitoring system, and a user interface. Data security was ensured through encryption technologies (AES), two-factor authentication (2FA), and secure APIs.
- Integration: The team created the main functionality of cryptocurrency processing, supporting several cryptocurrencies (Bitcoin, Ethereum, Tether, etc.) and conversion into fiat money. The interface was developed using key technologies such as HTML5, CSS3, and JavaScript, with tools for application development, including the Angular framework and React library for building an intuitive frontend. For the backend, Node.js and Express were used, along with PostgreSQL for storing payment information.
- Security Checks and Testing: Functional and integration testing were carried out using automated tests (JUnit, Selenium). Security assessments were also performed to identify potential vulnerabilities.
- Deployment and Support: The system was implemented on the client’s platform, and training for users and staff was conducted. After launch, technical support was provided along with regular system updates using CI/CD practices for quick deployment of new features and fixes.
Results
The cryptocurrency processing implementation project was successfully completed. The client’s platform was expanded, allowing users to make cryptocurrency payments, significantly increasing their transaction options and enhancing the service’s attractiveness. The system ensures secure information handling through the use of modern encryption technologies, protecting transactions and customer data. The project also ensured seamless integration with existing payment systems, allowing the new functionality to be added without disrupting service operations. The platform became more flexible and scalable, enabling quick adaptation to market changes and user needs.
