ExchangeX OTC – P2P & OTC Crypto Exchange Platform Development
Comfygen partnered with a fintech startup to build ExchangeX OTC, a hybrid crypto exchange platform supporting P2P and Over-the-Counter (OTC) trading functionalities. The goal was to create a decentralized yet secure environment where users can trade directly, bypassing traditional intermediaries. This custom-built platform empowers users with privacy, transparency, and control over crypto transactions, with fiat payment integrations across regions like the UAE, India, and Nigeria.
Challenges
- Escrow System Complexity: Creating a smart contract-based escrow that automatically releases funds on successful transactions.
- KYC for P2P: Building a compliance layer without compromising decentralization.
- Cross-Border Payment Integration: Supporting multiple fiat channels (bank, UPI, PayPal) in different countries.
- Fraud Protection: Implementing a reputation system and dispute management for buyer-seller safety.
- Mobile UX Optimization: Delivering a seamless user experience across devices with responsive components.
Solution
- Deployed a decentralized P2P trading engine integrated with multi-wallet support.:
- Implemented smart contract-based escrow release triggered by mutual agreement or automated timeout.:
- Integrated KYC with third-party providers like Jumio for global verification.:
- Developed an in-app chat and dispute resolution system between buyers and sellers.:
- Enabled regional fiat on-ramps and auto-matching algorithms for user convenience.:
Features
- Smart Contract Escrow Protection:
- Reputation & Rating System for Traders:
- Multi-Fiat Support (INR, AED, NGN, USD):
- Instant Trade Matching Algorithm:
- AI-Powered Fraud Detection & Risk Flags:
- Built-in Messaging & Dispute Resolution:
- Crypto Wallet Integration (MetaMask, Trust Wallet):
- Admin Panel with Trade Monitoring:
- P2P Trading Analytics Dashboard:
Business Benefits
- Expanded into 7+ countries within 2 quarters.:
- Reduced fraud complaints by 80% with AI monitoring.:
- Achieved 100% increase in user engagement due to mobile-first UX design.:
- Enabled secure fiat-crypto trading without intermediaries.:
- Facilitated over 250K+ verified KYC user onboardings.:
Tech Stack
- Backend: Express.js, PostgreSQL
- Frontend: Vue.js, Tailwind CSS
- Smart Contracts: Solidity, Polygon
- Mobile: React Native
- Fiat Integration: Razorpay, Stripe, Flutterwave
- Security: SSL Encryption, IP Whitelisting
We appreciate feedback from our customers
“Comfygen Private Limited baked in India, And there team exceeded my expectations in developing my mobile application. Their attention to detail and willingness to go the extra mile were truly remarka...Show More
Emilia (Mobile application )
(UK)
(5 Ratings)
I am based in Germany and had the pleasure of partnering with Comfygen Pvt. Ltd. for my blockchain application based with MLM project. Their team displayed exceptional professionalism and proficiency ...Show More
Matteo (Blockchain Application with MLM Project )
(Germany)
(5 Ratings)