AXIOM - CRYPTO EXCHANGE - An Innovative IT Outsourcing Company

Country

Mongolia

Industry

Fintech

Technology

Blockchain | Java (Spring MVC) | MySQL | Microservice architecture | SSL

The Client

Axiom Crypto Exchange is a centralized spot cryptocurrency exchange designed to provide a secure and user-friendly trading platform for buying and selling six cryptocurrencies (BTC, ETH, MNT, USDT, GIC, and XRP) using fiat currency (Mongolian Tugrik). The platform supports various order types, including LIMIT, MARKET, and STOP-LIMIT, and incorporates state-of-the-art security measures and compliance with KYC/AML regulations.

The Challenge

Limited options for trading cryptocurrencies using Mongolian Tugrik: There is a scarcity of reliable platforms that support the exchange of cryptocurrencies using the Mongolian Tugrik, creating a barrier to entry for local investors.
Complexity of trading platforms: Many cryptocurrency exchanges can be complex and difficult to navigate, deterring potential users from entering the market.
Security concerns: Centralized cryptocurrency exchanges are often targets for cyber-attacks, creating a need for robust security measures to protect users’ funds and personal information.
Regulatory compliance: Ensuring adherence to KYC/AML regulations is crucial to prevent fraud, money laundering, and other illicit activities on the platform.

The Solution

Axiom Crypto Exchange addresses these challenges by offering a secure, user-friendly, and compliant platform for trading cryptocurrencies using the Mongolian Tugrik. Key solutions include:

Support for Mongolian Tugrik: Axiom Crypto Exchange enables users to trade six cryptocurrencies using the Mongolian Tugrik, providing a convenient and accessible option for local investors.
Intuitive user interface: The platform features a user-friendly interface, simplifying the trading process and making it more accessible to a wider range of users.
Advanced security measures: State-of-the-art security features, such as two-factor authentication, cold storage, and encryption, protect user’s funds and personal information from potential cyber-attacks.
Regulatory compliance: Axiom Crypto Exchange implements strict KYC/AML procedures to verify users’ identities and prevent fraudulent activities on the platform.

Key Technologies Used

Java (Spring MVC): The platform is built using Java (Spring MVC), a widely used and reliable programming language, enabling efficient and scalable development.
MySQL: Axiom Crypto Exchange uses MySQL, a powerful and robust relational database management system, to store and manage user data and transaction records.
Microservice architecture: By utilizing a microservice architecture, the platform can easily scale, maintain, and update individual components without affecting the overall system, ensuring flexibility and resilience.
Secure Socket Layer (SSL): SSL encryption is employed to secure communications between the user's browser and the platform, safeguarding sensitive data during transmission.
Two-Factor Authentication (2FA): Axiom Crypto Exchange supports 2FA, adding an extra layer of security to user accounts and minimizing the risk of unauthorized access.