Rebuilding a Multi-Currency Crypto Exchange for a Canadian FinTech Disruptor

Helping save investor funding after an unlucky outsourcing attempt

Client and Business Goal

An ambitious Canadian FinTech startup company based on a family business with a share of venture capital.

Aiming at becoming a pioneering DeFi services provider throughout their region, the client was looking to create a smooth-running cryptocurrency exchange mobile app. The first vendor’s programming style made the client end up with nothing but spaghetti code, so the project risks got truly whopping.

To scrape through the problems and make it to the app launch, the firm reached out for help to AIS Novations due to our extensive FinTech expertise. Under a harsh deadline, the team was supposed to audit the existing unstructured code, come up with a fixing roadmap, and handle the required engineering and stabilization scope.

AIS Novations did their best consulting with the client’s previous contractor on the solution’s business logic and tackled a comprehensive tech audit. Having detected critical issues within the flawed deliverables, the team mapped out their research-based suggestions on the code refactoring and optimization.

Solution

The platform is a neat crypto exchange broker app with a user-driven design. Intended for finance market pros and beginners alike, the solution enables users to seamlessly settle cryptocurrency trades while charging minimized transaction fees.

The majority of the app clients’ funds reside on a cyber-protected multi-signature offline wallet. Streamlining activities with digital assets at scale, the solution reports on trading history and tracks portfolio growth over a chosen period of time. To automate investment and trading routines, users can even schedule recurring deals with their specified crypto pairs.

Work done

Front-end and back-end code refactoring
Design and architecture updates
Crypto exchange page design
Trading mechanisms implementation
FIAT currency withdrawal enablement
User account development
Authentication module engineering
Marketing page design and SEO support
QA, feature updates, and external integrations

Highlights

Top cryptocurrencies support (Bitcoin, Ethereum, and more)
Canadian digital security and banking regulations compliance
Cold and hot asset storage support
Same-day deposit and withdrawal settlements
Rich funding techniques
Instant digital ID and KYC verification
Database encryption
Two-factor authentication
IP address blocking security technique
Built-in insurance protection
Blogging activities support

Challenge

To deal with AlphaPoint digital matching engine’s recurring API disconnections and unsound JS library, the team was to completely rebuild the API documentation, which helped nail down the troubles in full.

The team also managed to catch and fix a grave security issue introduced by the previous vendor, thus assisting client in avoiding potential system crashes and rollout delays while saving considerable spendings.

On top of handling the engineering tasks, AIS Novations aided the client in achieving robust SEO results. The team designed a custom marketing page that summarizes information on the most popular cryptocurrencies while providing all the featured trading charts and mining calculators.

AIS Team

5Software Developers

1Project Manager / Business Analyst

1UI/UX Designer

Client location: Canada

Project duration: 2 years

Results

The app is live, fully up and running while showing an exponential user growth, which assured the client of making the right choice of their second tech partner.
The team hit the client with first major deliverables in as soon as a month, with further stabilization and updating being a matter of weeks.
AIS Novations impressed the client with the team’s integral analytics capabilities. On top of providing quality code, our experts came up with several lightbulb moment ideas that helped optimize business logic and performance.