This crypto exchange platform, originally developed in 2016, has a proven track record of success. Initially built for a high-profile client, the platform had been tested in live environments with nearly 1 million registered users and 1,200 active daily users in the past. Over its 8-year lifespan, the software has undergone continuous development and rigorous security testing, including DDoS attacks and hacks, which were effectively mitigated, ensuring the platform’s robustness.
Over the years, the exchange has facilitated significant financial transactions, including millions of dollars in user withdrawals. Despite facing challenges, such as hacking attempts, the platform remained operational, with personal investments made to safeguard users’ funds and maintain its reputation. This track record of resilience and security demonstrates the platform’s battle-tested reliability.
The platform’s key features include crypto wallet and custodian services. It’s highly customizable, meaning it can be rebranded and tailored to fit a new owner’s specific requirements, including making it suitable for Shariah-compliant services, which your technology team can embed and support. The platform can be leveraged for listing tokens, a highly profitable feature, as seen with listings on platforms like Binance or Bybit, where fees can reach up to $1 million.
With accounts already integrated with Volt.io and Kraken, this technology provides immediate operational capabilities for any company seeking to enter or expand in the cryptocurrency space. Additionally, the buyer will benefit from 8 years of continuous support and development, ensuring the technology remains secure and up-to-date.
Overview
It includes a Czech License for a full range of crypto activities, such as fiat-to-crypto exchange and wallet services.
In summary, this platform is a turnkey solution with proven scalability, security, and profitability potential. For a buyer seeking to enter the crypto exchange market with minimal setup time and maximum impact, this is an excellent opportunity.
Licence
VASP, or Virtual Asset Service Provider, refers to an entity that facilitates the exchange, transfer, storage, or issuance of virtual assets, primarily cryptocurrencies. With the rapid growth of digital currencies, VASPs play a critical role in the evolving financial landscape by providing services that enable users to interact with digital assets securely and efficiently. These services can include cryptocurrency exchanges, wallets, and custodian services, among others.
The significance of VASPs has been magnified by increasing regulatory scrutiny from governments and financial authorities worldwide. Many jurisdictions have mandated that VASPs adhere to strict anti-money laundering (AML) and know-your-customer (KYC) guidelines to combat illicit activities associated with virtual assets. As such, VASPs are required to verify the identities of their clients, monitor transactions, and report suspicious activities to relevant authorities, which helps foster transparency and fosters trust in the cryptocurrency ecosystem.
In addition to compliance challenges, VASPs face technological considerations, including robust cybersecurity measures to protect user data and assets from hacks and breaches. As the demand for digital currencies grows, VASPs are also innovating to improve user experience, offering advanced trading tools, mobile applications, and seamless integration with traditional banking systems.
