The Client
This application is designed to simplify the trading process and provide users with a seamless, secure, and reliable platform to buy, sell, and manage their cryptocurrencies. The target audience for the application is individual investors, traders, and businesses looking to invest in cryptocurrencies or integrate them into their payment systems.
Business Challenge
- Process of trading cryptocurrencies can be complex and challenging.
- Lack of regulatory oversight, volatility of the market, and technical complexities of managing digital wallets.
- Managing a portfolio of cryptocurrencies manually can be time-consuming.
- Setting up recurring buys for cryptocurrencies.
- Lack of reliable custodial services is a problem for many investors.
- Lack of advanced reporting tools to track investments and make informed decisions.
- Customer support is crucial for any investment platform.
Coforge Solution
This application addresses the challenges faced by investors in the cryptocurrency market by providing a comprehensive suite of tools and services designed to make investing in cryptocurrencies easier and more accessible.
This application addresses these challenges by providing:
- User-friendly platform for buying, selling, and managing cryptocurrencies.
- Advanced portfolio management tools, allowing investors to track the performance of their holdings, rebalance their portfolios and manage risk.
- Ability to set up recurring buys, which makes it easy for investors to take advantage of dollar-cost averaging and invest in cryptocurrencies regularly.
- Secure and reliable custodial services, providing investors with peace of mind knowing that their assets are safe and secure. We implement industry-standard security measures such as multi-factor authentication, cold storage, and insurance coverage to further protect the investor's assets.
- Advanced reporting tools - which enable investors to analyze their portfolios and make informed investment decisions. We offer a variety of reports that can be customized to meet the investor's specific needs, such as performance reports, risk analyses, and tax reports.
- 24/7 customer support, accessible through multiple channels such as email, chat, and phone.
Benefits
This application will have a significant impact on any customer using this for cryptocurrency trading. Here are some key metrics the platform intends to achieve:
- Ease of Onboarding Customers : The onboarding process takes an average of 3 minutes and achieves a customer conversion rate of 80% from sign-up to first trade.
- Efficiency and Reliability : An average response time of 50ms and an uptime of 99.99%, ensures that our customers have access to the information they need in real-time.
- White Labelling : The platform offers a white-label solution for businesses that want to offer cryptocurrency trading to their customers. Customers will have no boundaries and can sign up as many partner companies as they can which will result in exponential revenue increase.
- Trading Volume : The platform handles trades amounting to $10 million per day, with a total trading volume of approx. $3B per year.
