The cxClient is responsible for rendering everything that investors (end-users) see in their browser. It allows users to sign up, log in, place buy/sell orders, view their trade history/purchased tokens, view balances, deposit/withdraw digital assets, upload KYC documents, and view charts. It also features price teasers, order books, charts and instant notifications for order matches.
The cxWallet is a multi-currency wallet which stores all cryptocurrency funds. If an exchange offers three tradeable cryptocurrencies and digital assets (e.g., Bitcoin, Ethereum, and Litecoin), the cxWallet will contain three distinct wallets. And each wallet syncs up with each cryptocurrency’s respective blockchain.
The cxServer processes everything that comes from the cxClient. It retrieves the user input from the cxClient and then writes it into the database cluster. Put differently, the cxServer is the API layer between the cxClient and the database cluster. For example, when an investor signs up, the cxClient forwards the input information to the cxServer. Subsequently, the cxServer writes that information into the database cluster.
cxAdmin is similar to business intelligence and management software. Within the interface, admins can approve deposit/withdrawal requests, manage KYC requirements, create and answer support tickets, modify trading fees, and manage cold storage functionality.
Centralized Trading Engine
The cxEngine module primarily matches trades on the exchange. However, it also reviews and executes transactions, provides data to the order book, and calculates account balances. cxEngine takes adjustable parameters like minimal nominal and trading fee with special options (e.g., maker-taker fees) into account.
Additionally, the order matching engine supports limit as well as unlimited orders.
Decentralized Trading Engine
The exchange rate component of Skalex provides a unique way of applying value to NFTs. This tool is what sets the rate to an asset’s tradability or exchangeability. This improves upon traditional exchanges that fail to capture requirements, externality costs, combo offers, proof of ownership, etc; as part of a transaction.
What Are the Key Features of
Skalex’s Exchange Software?
Skalex exchange software provides several liquidity options, such as Market Maker, DSO (internal/external network of a shared order book), and APIs to external exchanges (e.g. Kraken, B2C2), guaranteeing a full order book from the first day of listing. It is also possible to include market maker services from external providers.
Ensuring the transparency and security of your exchange is of immense importance. We offer the integration of third-party providers IDnow, Acuant, 4Stop, SignID and IdentityMind to automate the KYC process on your exchange, and Valegachain and Elliptic as blockchain analysis providers for AML monitoring.
Our exchange software includes multi-currency wallets that allow you to easily store and transact different cryptocurrencies. Multisig cold storage can secure all crypto funds & prevent any external access.
To increase the number of users on your trading platform, we’ve integrated a referral program. This feature enables users to send a referral link to potential new customers. If the new user signs up and trades, the person that sent the link receives a defined percentage of the trading fee as a reward.
Additional Features of Skalex’s
Encrypted User Access
The exchange’s hot wallet has an automatic process that swaps crypto funds to a multi-signature cold storage wallet. This cold storage solution enables a group of trust holders to set up multiple multi-signature wallets of increasing size.
Distributed Architecture With DNS Failover
Our platforms can run with Content Delivery Networks (CDNs), like CloudFlare, to provide DDoS resilience and fast failover. DNSSEC is available based on your DNS Registrars capabilities.
Encrypted Data Transmission
All traffic to frontends is encrypted with TLS using the latest security cipher suites which are regularly tested by SSL Labs.
Internal Traffic Encryption
Source Code Encryption
To protect our intellectual property, our source code is pre-compiled with an encryption layer.
Main IT Infrastructure Security
Main IT Infrastructure Security
Main it Infrastructure Security
Why choose Skalex?
Fast time to market
We integrate with your team to deliver high performing trading and blockchain solutions that fit your projects needs, which can be a key ingredient in launching your product to market quickly and efficiently.
Our exchange software proves to be highly reliable and sophisticated thanks to years of development and continuous optimization.
We are a German company with more than 7 years experience in the blockchain and cryptocurrency market.
Highest security and quality standards
Multiple layers of security mitigate hacking attempts and ensure that your funds always remain safe. Our DevOps consultants are located in Munich and meet the highest quality requirements.