CaspianEx: centralized crypto exchange for regulatory compliance

Discover how we developed a comprehensive tool for crypto trading. A participating company from the International Financial Center in Astana, Kazakhstan, approached us to create a cryptocurrency exchange compliant with regulatory standards.  They had a clear goal: to develop a cryptocurrency exchange that complied with stringent regulatory standards. Despite already operating an exchange on Binance Link, they were in need of a custom platform of their own. Their requirements were precise: they needed a reliable exchange equipped with essential trading tools like a spot terminal and over-the-counter (OTC) transactions. Security was paramount, necessitating a multi-level KYC system and strong AML & KYT measures. Additionally, they required an administrative interface for seamless trading management, user activity tracking, and access control. Our tasks were: 1. Develop a regulatory-compliant exchange tailored to local standards. 2. Integrate all trading tools and asset management functions into a unified platform. 3. Streamline administrative tasks for effortless management. Discover the development journey of CaspianEx, our innovative centralized cryptocurrency exchange , in this article. Our solution We developed a platform that caters to the needs of traders, exchange owners, and administrators alike. For users, we provided: - Flexible spot trading options  - Comprehensive trading charts for informed decisions - Secure digital asset storage - Simple fund deposits and withdrawals - Various order types (Market/Limit/Stop limit/OCO) - Data encryption for confidentiality - Comprehensive transaction history For administrators, we offered: - Performance real-time data, charts, and metrics for insights via dashboard - Efficient transaction control - Manage fund deposits and withdrawals (advanced AML & KYT structure) - Auditing system for activity tracking - Real-time exchange wallet monitoring - Orders and trade tracking capabilities - API key to expand trading opportunities for users - User management and access control And in terms of security? We implemented: - Multi-level authentication protocols - Strong access and permission management systems - DDoS protection mechanisms coupled with incident monitoring To address financial risk, we prioritized: - Establishing and managing trade limits - Conducting rigorous internal risk assessments - Implementing proactive notification systems for financial irregularities Our approach Leveraging over seven years of experience in exchange development and adhering to industry best practices. Before commencing development, we meticulously ensured regulatory compliance to expedite the accreditation process. Learn more about our projects. Our tech stack Go, NATS.io , Javascript, Typescript, Node.js, Nest.js, PostgreSQL, Redis, Nuxt.js, and Vue.js. The outcomes Our collaboration culminated in significant milestones: - Facilitating the development of Kazakhstan's inaugural regulatory-compliant exchange - Pioneering the integration of the Notabene system, setting new security benchmarks - Engineering an optimized engine capable of processing up to 12,000 orders per second and 40,000 trades per second - Delivering a comprehensive suite of features, modules, and functions within an expedited time frame Future Plans: 1. Implement a tiered KYB (Know Your Business) verification system 2. Develop automatic balancing between cold and hot wallets 3. Enhance the admin panel for easier upload of detailed reports Benefits: 1. Enhanced Security: CaspianEx prioritizes security by employing modern encryption techniques and two-factor authentication for users and admins, safeguarding account and transaction data from unauthorized access. 2. Transparency: Mandatory KYC procedures for deposits and withdrawals, along with a KYT and Travel Rule system, ensure transparency in fund movements, fostering trust among users. 3. Speed and Performance: With a high throughput of up to 12k orders/sec and 40k trades/sec, CaspianEx offers fast transaction processing, enabling users to access markets swiftly and enjoy optimal trading experiences. Ready to elevate your crypto exchange experience? Partner with us today!