Extobit

The accessible cryptocurrency exchange of the new generation

The accessible cryptocurrency exchange of the new generation

About the project

Extobit is an american web-based cryptocurrency exchange. It combines essential features like exchange rates, market trends and statistics as well as secure trading.

  • Duration

    Duration

    9 months

  • Country

    Country

    USA

  • Industry

    Industry

    Fintech

  • Type of project

    Type of project

    Web application

Business Goals

Extobit approached us with the need to fix cryptocurrency exchange. The exchange lacked accessible UI/UX and had major problems with handling high work loads. The key goal was to make it work quickly and make it easy to use for beginners as well as implement advanced analytics for professional traders.

Key Challenges

  • Develop an accessible UI/UX

    Develop an accessible UI/UX

  • Integrate third-party API’s

    Integrate third-party API’s

  • Deploy secure cloud infrastructure

    Deploy secure cloud infrastructure

  • Set up internal integrations

    Set up internal integrations

Technical challenges

  • synchronization

    Implement synchronized data exchange between applications we’ve implemented, schedulers as well as webhooks

  • divide the backend

    Divide the backend into a number of isolated applications to ensure maximum security.

  • Develop separate web application

    Develop separate web application for end-customers, web application for admins, managers and other staff as well as the API application for an exchange platform.

  •  Protect the transferred information

    Protect the transferred information from malicious tampering.

Solution

Our development team successfully came up with highly efficient ways to synchronize data between multiple backend applications and protect the transferred information from malicious tampering.

The design team delivered a simple accessible interface for trading. One exchange could take just 2 minutes for a user with no experience.

As for business prospective, our business analysts developed the list of must-have integrations, and features for Extobit to stay a competitive exchange. For example, the platform included: portfolio management, risk forecasting, market and asset analytics.

Achievements

We’re proud to be a part of Extobit’s success.

20,000 users

Joined the platform in the first month after the release

84,000 exchanges

Were made during the first two months

4 months

Extobit needed to achieve the break even point.

Key features

  • Exchange

    Exchange

  • Portfolio management

    Portfolio management

  • Algorithmic trading

    Algorithmic trading

  • Exchange Connectors

    Exchange Connectors

  • Market Analytics

    Market Analytics

  • Risk Management

    Risk Management

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The team behind the project

The team comprised 13 specialists. A part of the team was responsible for secure SDLC and software architecture. The second part focused on design and usability.

We’ve also helped clients with business analysts to collect the best practices for cryptocurrency exchanges.

All the development process was finalized with QA Testing to eliminate software failure and any security breaches.

  • Client team

    Client team

    • Delivery Manager

      Delivery Manager

    • 2 UI/UX Designers

      2 UI/UX Designers

    • 5 developers

      5 developers

    • 1 Software Architect

      1 Software Architect

    • 3 QA Specialists

      3 QA Specialists

Tech stack

C# is the main programming language. The team used it to build separate web applications for end-customers, web applications for admins, managers and other staff as well as the API application for an exchange platform. The whole development process was made with secure SDLC guidelines.

All of the backend applications use ASP.NET Core as the main framework. The database engine is MS SQL Server. Fronted is built on both conventional Vanilla JS and React. The Exchange page is deployed with React and ES6.

As for the measures taken to protect the transferred information from malicious tampering, we’ve used TLS 1.2 which has proven to be perfectly fit to secure all data on the transfer level.

  • ASP.NET Core

    ASP.NET Core

  • Exchange

    Exchange

  • C#

    C#

  • MS SQL

    MS SQL

  • ES6

    ES6

  • Vanilla JS

    Vanilla JS

Testimonials

Softermii has a hard commitment towards the project delivery on time without any delay.

We ended up by having a very attractive product that can compete with any other virtual platform.

event10x
Walid Farghal, Event10x. Director General

Softermii are great with time management and produce high-quality work.

Because of how satisfied we've been with their work on this project, we're exploring bringing them in on a new project as well.

muna
Muna Al Hashemi, Founder of a Proptech Startup

They were really on top of everything.

They know how important my timelines were and they made sure that they're dead to them and got everything done quickly.

locum
Reece Samani, CEO & Founder, Locum App, London

The team is really flexible with picking up urgent bugs.

I found that is a really good working relationship in that sense that the prices are very reasonable and they are accessible even over the weekend.

temptribe
Duncan Mitchell, Managing Director, Co-Founder at TempTribe, London

Softermii delivered a technically sophisticated app.

It integrates multi-party video conferences with social media dynamics. These guys proven to be a professional, reliable, and effective partner.

scoby
David Levine, Founder, Scoby Social

I would highly recommend Softermii for any programming needs.

I am consistently impressed by the quality of the work and team effort brought forth by everyone that we've worked with.

shave
Ashley Lewis, VP of Product, Dollar Shave Club

Excellent programming skills and timely delivery.

They were able to take our poorly documented description and deliver a world-class app.

cococure
Folabi Ogunkoya, Founder, Cococure

They delivered amazing results and worked through holidays to make sure I could deliver on the project deadline.

The results were consistently top quality and the devs are friendly and responsive.

itrex
Shervin Delband, Director of US Operations, ITRex Group
  • event10x

    Walid Farghal

    Event10x. Director General

  • muna

    Muna Al Hashemi

    Founder of a Proptech Startup

  • locum

    Reece Samani

    CEO & Founder, Locum App, London

  • temptribe

    Duncan Mitchell

    Managing Director, Co-Founder at TempTribe, London

  • scoby

    David Levine

    Founder, Scoby Social

  • shave

    Ashley Lewis

    VP of Product, Dollar Shave Club

  • cococure

    Folabi Ogunkoya

    Founder, Cococure

  • itrex

    Shervin Delband

    Director of US Operations, ITRex Group

Get valuable insights

Discover the benefits of digital disruption in your industry

Guide to Building Your Own Cryptocurrency Exchange
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Guide to Building Your Own Cryptocurrency Exchange

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Guide to Building Your Own Cryptocurrency Exchange

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Don’t dream for success, contact us

Leave an inquiry or contact us via email and phone. We will contact you within 24 hours during work days.

+1 (424) 533-5520

  • Los Angeles, USA

    10828, Fruitland Dr, Studio City, CA

  • Kyiv, Ukraine

    154, Borshchagivska Street

  • Tel Aviv, IL

    31, Rothschild Blvd

  • Dubai, UAE

    Opal Tower, Business Bay

  • London, UK

    6, The Marlins, Northwood

  • Munich, DE

    3, Stahlgruberring

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