Crypto Exchange

Reasons to Build a Crypto Exchange using Microservices Architecture

Cryptocurrency exchanges are witnessing a major shift from a monolithic architecture to a microservices architecture. The new system is more secure and robust in its functioning. Earlier, most of the custom exchange platforms and white label cryptocurrency exchange software were built on monolithic architecture, using the following three systems:

  • Matcher
  • Sync

What is Microservices Architecture

Microservices is a development technique that formulates its structure application on loosely captured independent services. These are well-defined services that operate on a single purpose data and resources. The mechanism of microservices works on a well-defined protocol and is capable of communicating with each other in an isolated manner. It generates transparency in communication while generating server bindings in many languages.

The framework of Microservices Architecture Solution

At Antier, we offer the best white label cryptocurrency exchange software built on microservices architecture. The four main modules of our exchange include user module, wallet module, trading module and system checker, in addition to other modules — all of which are explained below:

  • Wallet Micro Service: Users’ wallets’ balance records and wallet processes are executed in this microservice.
  • Trading Micro Service: All trade orders along with the matching engine process are implemented in this particular microservice.
  • System Health Checker Micro Service: System health checker checks all of the components of the system and is responsible for sending alerts.
  • Rabbit MQ: Rabbit MQ is the message broker for processing communications between different microservices and layers.
  • Service per Trade Pair: It includes service per trade pair along with syncing with the respective database.
  • Service Components: Service components include the APIs components.
  • Wallet Service per Crypto: Wallet service includes per crypto along with syncing with respective database.
  • Socket Service: It establishes a connection between client and server and is responsible for exchanging data.
  • API Gateway: API gateway is responsible for request routing, composition and protocol translation. API gateway also provides each client with a custom API.

Conclusion

Cryptocurrency exchange development companies are focusing on implementing microservices architecture in their white label cryptocurrency exchange software. With small and focused teams, the speed of software deployment increases.

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