Case Study
Market Bettors
One of our old clients needed a customized trading application with focus on crypto currency.
About Market Bettors
One of our old clients needed a customized trading application with a focus on crypto currency. They wanted to build a platform where people can build their own orders and set their own prices.
The Client Had No Prior Experience with Application Development
Problem
The client had a strong vision for a crypto trading platform but had no prior experience with application development, making it impossible for them to articulate specific technical requirements.
Solution
- We initiated a knowledge transfer session with the client.
- We sat with the client and discussed their idea in depth.
- After the discussion we helped narrow down the client's vision to specific requirements.
- Based on the requirements we developed realistic milestones and a timeline.
Cyprus Citizens Cannot Directly Trade Crypto
Problem
The application was developed for the European nation Cyprus, where citizens cannot indulge themselves in direct crypto currency trading due to regulatory restrictions.
Solution
We developed a platform with a single account for purchase and sale in the actual market, while providing separate internal accounts to every user to conduct trade amongst themselves — fully compliant with local regulations.
Reconciliation of Trade Data
Problem
Having multiple internal accounts for users while having a single account for actual sale and purchase created a complex challenge of reconciling all trade data accurately and in real time.
Solution
A proper Database Management System was used in the application to collect all the user and order data, ensuring seamless functioning of the application and accurate reconciliation across all accounts.
High Security for Financial Transactions
Problem
The application involved financial transactions and thus high security and confidentiality were essential. Any breach could result in significant financial losses and loss of user trust.
Solution
We undertook a variety of security measures to protect transactions and prevent any leakage of user data.
- All the data on the application was encrypted to protect user data.
- We installed an SSL certificate on the application to secure all data transfer.
The Result
We developed a highly secure crypto currency trading platform where people can trade with their friends and build their own customized orders. We were able to develop a complete 360° solution and provide a comprehensive platform for crypto currency trading in a country that has complicated rules around the issue — thus enabling our clients to utilize the full potential of crypto currency and build wealth for themselves.
