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Cryptocurrency Trading App for a Leading Binary Options Broker in Australia

Client

The client is a leading binary options broker headquartered in Australia. It provides a range of option types and various instruments for trading.

Industry 

Trading

Region

Australia

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Challenges

The client wanted to enable cryptocurrency as a payment method on their trading platform to attract new users who were looking to invest in Bitcoins.

Crypto currencies needed a high level of security as they involve the movement of large amounts of money via Bitcoins. They also needed multiple levels of authentication for all outgoing transactions.

Solution

Datamatics developed a cryptocurrency wallet to send and receive money from customers. It also provided information on real time value of the Bitcoins invested.

Inbuilt monitoring of all incoming and outgoing transactions would trigger a slack notification whenever it encountered suspicious transactions.

Impacts

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1500

Bitcoin deposits deposits through the trading platform

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Designated Wallet

For automatic payment settlements

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Multi-factor authentication

Provided high level of security to the crypto transactions

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