Coinrule

Explore Coinrule

If you are into cryptocurrency trading, you might have already heard of Coinrule. It is a cloud-based bot that is operated by a team in the U.K. The bot can be easily connected to multiple cryptocurrency exchanges like Binance, Huobi, Bitfinex, OKEx, and HitBTC. Moreover, it does not charge any fee for trading. You can use it to create multiple trading rules-based and take advantage of more than 7,000 strategies.

Services

Solutions engineering, API integrations, Software modernization

Industry

IT, Fintech, Automated trading

Explore capabilities

The Challenge

As a prominent Automated Trading Software as a Service (SaaS) provider, Coinrule platform encountered obstacles:

Integration Complexity:

Integrating new exchanges or markets was time-intensive, hampering the ability to swiftly expand market reach.

Onboarding Efficiency:

Coinrule’s initial onboarding process required refinement to enhance user experience and accelerate platform adoption, ultimately leading to increased subscriptions.

Modernization Imperative:

Modernizing the platform for horizontal scaling and future growth was paramount, requiring a shift towards cloud-native architecture.

The Solution

To address these challenges and maximize value creation, we deployed targeted solutions:

Integration Layer/Gateway:

  • Developed a robust integration layer leveraging gRPC technology to abstract away exchange-specific APIs.
  • This gateway streamlined the integration process for new exchanges, reducing time and effort.

Simplified Onboarding with OAuth Flows:

  • Redesigned onboarding flows to a single-step process, integrating OAuth flows for major exchanges like Binance and Coinbase Advanced.
  • Users seamlessly connect their accounts within Coinrule platform, eliminating friction and expediting access to trading, leading to increased platform adoption.

Replatforming to Cloud-Native Architecture:

  • Transitioned core components to cloud-native architecture to enhance scalability, resilience, and performance.
  • This strategic move future-proofs Coinrule platform, ensuring readiness for evolving market demands and unprecedented growth, ultimately driving higher subscription rates.

The outcome

Our strategic initiatives yielded significant outcomes, translating into valuable business results:

Efficient Exchange Integration:

Integrating new exchanges now requires only 4 days of engineering time, facilitating rapid market expansion and increasing platform visibility.

Improved Customer Onboarding and Conversion:

  • Simplified onboarding and OAuth integration resulted in a smoother user journey, increasing platform adoption and engagement.
  • Enhanced user experience directly correlated with higher conversion rates, driving an increase in paying customers and subscriptions.

Future-Proof Scalability with Cloud-Native Architecture:

  • Cloud-native architecture ensures scalability across multiple dimensions, including user base expansion and heightened market activity.
  • This scalability enhances our ability to accommodate growing subscriber numbers, solidifying Coinrule’s position as a leader in the automated trading SaaS industry.

Technologies & tools

AWS
Docker
Kubernetes
Grafana
JavaScript
MongoDB
Redis
Prometheus
PostgreSQL

Working with Hamlet and his company Mindthread Technology has been transformative. His expertise helped us overcome key challenges and streamlining system integrations. His technical deliveries have strengthened our platform and shipped value to our organisation.

Gabriele Musella

Gabriele Musella

Co-Founder & CEO at Coinrule

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