Kyrrex, seeking to establish a comprehensive cryptocurrency exchange, faced challenges such as limited access to spot trading for various coins, difficulties obtaining regulatory licenses and ensuring compliance with KYC, transaction monitoring, and security requirements. To address these issues, we provided Kyrrex with a full-fledged exchange platform offering extensive spot trading capabilities, mobile apps, custom nodes and vaults; Onfido integration for KYC, tailored transaction monitoring systems, and an admin panel. Consequently, Kyrrex achieved a remarkable trading volume of 3 000 000+ per month and over 50,000 active users.
Customer's Challenges
Lack of access to spot trading of cryptocurrencies, limited choice of coins, and restricted functionality.
Difficulty in obtaining a regulatory license and ensuring compliance with regulatory requirements for processes such as KYC, transaction monitoring, unique thresholds for each user, custom nodes, and secure vaults.
Absence of access to full liquidity for the most popular and volatile coins, challenges in hedging large trade volumes.
Solution We Offered
Provided a full-fledged cryptocurrency exchange platform with comprehensive spot trading capabilities, enabling access to a wide range of coins and advanced trading features.
Included user-friendly mobile applications, allowing customers to trade and manage their portfolios on-the-go, ensuring seamless accessibility.
Implemented custom nodes and secure vaults, ensuring the highest levels of security and data integrity for clients' digital assets.
Integrated with Onfido, a leading identity verification service, streamlining the KYC process and enhancing compliance with regulatory requirements.
Developed custom transaction monitoring and threshold management systems, tailored to meet the specific needs of clients and ensure adherence to regulatory guidelines.
Featured a comprehensive admin panel, enabling efficient operational management and oversight for clients' exchange platforms.
Results Achieved
Achieved a remarkable trading volume of 3 000 000+ per month.
Garnered a user base of over 50,000 active users.
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