Koinim

Koinim is the biggest online Bitcoin exchange platform and wallet for Turkish crypto enthusiasts. Their goal is to provide everyone with an easy way to execute transactions and secure Bitcoin regardless of their level of experience with cryptocurrencies.
Featured in
Partnership
October 2017 - October 2018
300% increase
in the daily capacity of the application
featured in Forbes
in 2018
Industry
Country
Turkey

Project Details

Koinim’s product is a cryptocurrency exchange web application.

The exchange platform has been running on the Turkish market since 2013, allowing its users to buy and trade Bitcoin and Litecoin for Turkish Lira and deposit these coins on their user accounts as well as transfer them to external wallets.

STX Next Delivered

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Challenge

Koinim was being developed at a rather stable pace but the latest popularity boom for cryptocurrencies—which resulted in a huge influx of users and traffic to the application—forced the owners to adapt more quickly to the market.

With the growing number of users and traffic, the overall reliability and performance of the platform became a serious priority. With a few propositions and visions for the improvements provided by the Client, the STX Next team started to optimize the processes driving the business logic of the application.

We met STX in the beginning of the latest cryptocurrency boom and their contribution was vital to us when managing that extraordinary demand. They quickly adapt to the company and domain, show true ownership by always acting proactively towards solution and deliver high quality work even under stressful conditions. STX is now one of the most essential
Çagatay Yüksel
Founder and CEO
@
Koinim

Solution

The Team started to analyze the performance issues and implement improvements. After several production releases, the first of which took place less than a month after the kickoff, we implemented gradual changes to increase the daily capacity of the application by 300%. This means that the platform could handle 4 times more user sessions, which directly impacts the income from the product.

This achievement convinced Koinim to turn over the development fully to STX and to include us in their vision of a large, stable, multinational exchange platform offering many more cryptocurrencies to trade.

Python
Django
RabbitMQ
MySQL
Jenkins
Redis

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