Solutions · Centralised exchange
Launch a regulated crypto exchange in eight weeks - not eighteen months
White-label spot infrastructure with modular KYC/AML-ready workflows, multi-asset markets, and a sub-millisecond matching core - for banks, brokerages, and Web3 ventures across MENA, APAC, EU, and LATAM.
Built on infrastructure you trust
Powering exchange-grade infrastructure across 12+ jurisdictions - EMEA, APAC, Americas.
Order book
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Depth & candles (1H)
| Metric | Value | State |
|---|---|---|
| Active users (15m) | 12,402 | +3.2% |
| Withdrawal queue | 4 | SLA ok |
| Sanctions hits (24h) | 0 | Clear |
| Circuit breakers | Off | Armed |
Surveillance export
In-house builds rarely fail quietly
Teams underestimate coupling between compliance workflows, deterministic matching, and custody policy. The failure modes are predictable - and expensive.
Calendar drag
Twelve-to-eighteen-month roadmaps burn runway before the first regulated trade clears settlement.
Compliance blind spots
MiCA, VARA, and the FATF Travel Rule need product evidence - governance theatre on slides does not pass inspection.
Liquidity & latency risk
Thin books and jittery matching engines destroy credibility on day one; remediation is expensive once customers churn.
What you deploy
Modular exchange spine: brand, extend, and operationalise without re-solving matching or audit logging from scratch.
Spot trading engine
Deterministic matching with transparent failover and replay forensics.
Order book & matching
Price–time priority, self-trade prevention, configurable market protections.
KYC / AML module
Pluggable IDV, sanctions screening, and step-up flows aligned to your policy.
Multi-sig custody
Policy withdrawals, HSM-friendly signing, hot/warm/cold segregation.
Admin & risk dashboard
Limits, surveillance exports, interventions, and immutable audit trails.
Liquidity aggregation
Smart routing with slippage caps and toxicity controls per venue class.
Fiat on / off-ramp
PSP and banking connectors with reconciliation for ops and finance.
Mobile apps (iOS / Android)
White-label clients with biometrics and push-ready alert paths.
Reporting & audit logs
Regulatory extracts, trade recon, and SIEM-friendly event streaming.
Technical specs engineers ask for
Throughput & latency
- 120k+ sustained matching events/sec (reference harness)
- <5 ms median internal latency; colo footprints for regional tuning
- Deterministic replay for incident and regulatory reconstruction
Markets & APIs
- Limit, market, stop-limit, stop-market, OCO (where enabled)
- REST + WebSocket; signed webhooks for CRM / warehouse / SOAR
- Major L1/L2 assets - new integrations scoped in discovery
Security stack
- HSM-oriented signing paths; multi-sig governance for treasury
- Cold storage segregation; policy-based rebalancing windows
- Edge WAF, DDoS patterns, secrets rotation, quarterly third-party pen-tests
Architecture diagram & system topology
Traffic enters through the edge tier – WAF, L3–L7 DDoS mitigation, and TLS termination – then the API gateway exposes REST and WebSocket interfaces with route-level rate limits and tenant-aware routing. Requests reach the matching core: in-memory, deterministic sequencing with replayable state. A risk and surveillance bus consumes fills, positions, and lifecycle events for limits, AML flags, and market-integrity rules in near real time. The custody layer performs HSM-backed policy evaluation and co-ordinated signing; settlement and ledger services post finality and reconcile chain versus books. Reporting and SIEM streams fan out over the event backbone for finance, compliance, and ops dashboards. Each tier scales horizontally within published sizing bands. Multi-region deployments run active–active where the workload supports it, with matching isolated from admin and back-office planes so operational access cannot short-circuit trade integrity.
Full system diagram available under MNDA – Request architecture brief.
Trading types & order matrix
Out-of-the-box coverage is scoped per edition; discovery confirms your instruments, jurisdictions, and licensing path.
- Base edition
- Add-on module
- Roadmap
- Not in column
| Capability | Included | Module | Roadmap |
|---|---|---|---|
| Spot | Included in edition | Not applicable | Not applicable |
| Margin (isolated / cross) | Not applicable | Optional module | Not applicable |
| Perpetual futures | Not applicable | Optional module | Not applicable |
| Options | Not applicable | Not applicable | Planned |
| OTC block | Not applicable | Optional module | Not applicable |
| P2P | Not applicable | Optional module | Not applicable |
| Convert / swap | Included in edition | Not applicable | Not applicable |
| Staking / Earn | Not applicable | Optional module | Not applicable |
| Copy trading | Not applicable | Not applicable | Planned |
| Grid / DCA bots | Not applicable | Optional module | Not applicable |
Note. Derivatives modules require additional licensing review in your jurisdiction.
Order types & execution controls
- Limit, market, stop-limit, stop-market, OCO, trailing stop, post-only, iceberg
- Supported natively on eligible markets; iceberg slices expose only the visible quantity per venue rules.
- FOK, IOC, GTC time-in-force
- Enforced at the matching layer; rejects are explicit with codified reason codes for clients and surveillance.
- Self-trade prevention modes
- Cancel-newest, cancel-oldest, cancel-both, and decrement-and-cancel – selectable per symbol class and membership tier.
- Market protection
- Price bands, fat-finger guards, configurable circuit breakers, and kill-switches at market and account scope with audit attribution.
- Fees and overrides
- Maker–taker schedules, VIP overrides, structured rebate programmes, and sub-account fee inheritance with immutable change history.
Custody & wallet architecture
Hot, warm, and cold tiers typically target roughly 2–5%, 10–15%, and 80–88% of notional exposure respectively – all bands are configurable against your liquidity and incident-response model. Signing may use MPC clusters or multi-signature contracts; policy is enforced before any HSM-backed instruction. A policy engine governs destination whitelisting, withdrawal velocity caps, time-locks, and dual-control approvals with maker–checker separation. Fireblocks is the primary integration path for institutions that standardise on it; alternative custody and co-signer models are supported where your risk committee requires them. Proof-of-reserves attestation hooks publish customer-liability Merkle roots and verification artefacts on a schedule you define.
Custody topology is configured in discovery – Book a custody review call.
Liquidity & market-making
Market makers receive FIX 4.4 and low-latency WebSocket feeds, plus dedicated accounts with isolated rate limits and clearer queue fairness. External venues plug in for aggregation with toxicity controls and stale-quote shedding so internalisation does not inherit toxic flow blindly. An internal cross-engine lets you net B2B flow before it hits the public book. Listing follows a structured programme: technical integration, risk review, and go-live checklist – owners stay on your side of the contract. Day-one displayed depth is a commercial and counterparty discussion, not a checkbox in software; depth targets belong in onboarding, not the licence appendix.
Liquidity playbook shared on call – Talk to a platform engineer.
Tech stack & infrastructure
| Area | Detail |
|---|---|
| Matching core | Low-latency C++ / Rust; internal state layout and failover specifics under NDA. |
| APIs | REST with OpenAPI 3.1, WebSocket streaming, FIX 4.4 for institutional flow. |
| Data | PostgreSQL (OLTP), Kafka (event bus), ClickHouse (analytics), Redis (session and cache). |
| Infrastructure | Kubernetes on AWS, GCP, Azure, or on-premises; Terraform for IaC; multi-AZ active–active patterns where applicable. |
| Observability | Prometheus, Grafana, OpenTelemetry, ELK; SIEM-ready structured event streaming. |
| Mobile | Native iOS (Swift) and Android (Kotlin) with white-label theming and tenant-configurable feature flags. |
Security controls (frameworks, not adjectives)
Identity
MFA, WebAuthn where supported, device binding options, and user-visible anti-phishing codes on sensitive actions.
Network
WAF, L3–L7 DDoS mitigation, geo-fencing policies, and per-route rate limiting with burst controls.
Application
SAST and DAST in CI, dependency and licence scanning, and automated secrets rotation with breakage alarms.
Custody
Policy, signing, and segregation as described under custody & wallet architecture.
Operational
RBAC with least privilege, just-in-time elevated admin access, immutable audit logs, and quarterly third-party penetration testing from firms in the Hacken / CertiK class (scoped and reported per engagement).
Incident
24/7 on-call rotation, documented severity matrix and communications paths, public status surface on Enterprise tier.
Integrations & ecosystem
Vendor choice is yours – we are integration-agnostic, not locked-in.
Custody
KYC / IDV
Travel Rule
Analytics
Audit
Banking / PSP
Region-dependent examples: SEPA (EU), SWIFT (multi-region), UAE local rails, Singapore FAST / PayNow-class stacks, Brazil Pix / local acquirers – final rails confirmed in legal and treasury discovery.
Data warehouse
Snowflake and BigQuery via signed webhooks and batch exports – schemas documented under NDA.
Performance benchmarks (methodology first)
In our colocated reference harness we sustain 120k+ matching events per second with P99 internal match latency under 5 ms and P99 order acknowledgement from the edge under one second under declared load. Target uptime is 99.95% SLA on Growth and 99.99% on Enterprise, measured against published service credits and exclusion windows. These figures are from a controlled topology – your production numbers depend on instrument count, protections enabled, cross-region layout, and integration hop count. Your contract annex records assumptions; we do not extrapolate beyond them.
Build vs buy: decision framework
| Topic | Build in-house | Bitronix white-label |
|---|---|---|
| Time to first regulated trade | Often 18–36 months from greenfield, excluding licence clock. | Compressed delivery against a fixed module set – calendar still depends on your regulator. |
| Engineering headcount | Large permanent team across matching, wallet, compliance hooks, and SRE. | Core engineering staffed by Bitronix; you retain product, risk, and second-line oversight. |
| Compliance evidence burden | You author every control narrative and test artefact from scratch. | Inherit baselines, maps, and pen-test history; you still own filings and regulator dialogue. |
| Custody integration lead time | Queue at custodians as a first-time builder. | Re-use established integrations and runbooks where your committee accepts them. |
| Year-1 fully-loaded cost | Payroll, infra, audits, and opportunity cost dominate; varies widely. | Licence and services fee structure with predictable module lines – exact totals after scoping. |
| Exit / portability | You own code – high build cost. | Contractual data export, API compatibility commitments, and escrow options for critical components. |
We will give you a candid answer on the call – sometimes building is right.
What is not included (scope boundaries)
- Legal counsel and licence applications – we supply evidence packs and diagrams; we do not file on your behalf.
- Market-making capital and inventory – you arrange balance sheet and counterparty limits.
- Banking relationships – intros where permitted, contracts remain yours.
- Token listing decisions – your listing committee approves names, disclosures, and market parameters.
- Marketing and user acquisition – outside core delivery except where contractually scoped.
- Customer support staffing – not included on Starter / Growth; available on Enterprise under a separate statement of work.
Scope clarity saves six weeks of procurement back-and-forth.
For your engineering team
Give architects and platform leads the artefacts they need to champion Bitronix internally.
API documentation
OpenAPI 3.1 specification and Postman collection - shared under NDA after qualification.
Request accessMatching-engine benchmark report
Sample load-harness methodology, hardware assumptions, and sustained throughput charts.
Download sample reportSOC 2 & pen-test evidence
Latest summary plus request form for full reports under MNDA.
Request evidence packCompliance & regulatory coverage
Licence-agnostic infrastructure: your counsel owns filings; we own defensible engineering evidence and control narratives.
Last reviewed: · cadence monthly
Data residency
Deployable in EU, UAE, Singapore, or your own cloud - your data, your jurisdiction. Region pinning and sovereign VPC options are scoped in Enterprise programmes.
MiCA / EU
CASP-style evidence packs and disclosure lineage collaborators can review with counsel.
VARA (Dubai)
Operational artefacts tuned to common VARA inspection patterns and travel-rule handoffs.
FinCEN / MSB
AML programme mapping, SAR workflows, and recordkeeping integrations to your GRC stack.
FATF Travel Rule
Inter-VASP messaging adapters; documented edge flows for self-hosted wallets.
GDPR
Data minimisation, retention, portability, and deletion runbooks per tenant configuration.
SOC 2–aligned controls
Change management, access reviews, and logging baselines suitable for attestation paths.
Deployment timeline
Typical programmes run six to ten weeks from signed SOW - custody lead times and licensing gates may extend specific milestones.
Engagement models
Anchors below help procurement benchmark scope; final commercials follow discovery when custody and jurisdictional complexity are understood.
Starter
From $8K/mo + $25K setup
White-label SaaS on Bitronix-managed infrastructure.
- Fastest route to market
- Shared SLAs
- Standard venue integrations
Growth
From $18K/mo + setup · typically $150K–$400K Year 1 TCV
White-label core plus bespoke modules - custom risk, OMS hooks, regional rails.
- Dedicated solution architect
- Custom reporting & surveillance
- Designated MM APIs
Enterprise
Custom - typical engagements $500K–$2M+
Source options, your cloud, dedicated engineering cell, optional 24/7 war rooms.
- Code escrow / transfer options
- Private regions & data residency
- Named on-call roster
Final pricing scoped after a 30-minute discovery call. Ranges exclude local taxes, custody setup fees, and third-party vendor pass-throughs.
Outcomes teams measure
Anonymised programmes unless otherwise cleared for public naming. Metrics from internal delivery retrospectives and customer steerco packs.
Abu Dhabi · Regulated fintech · Q3 2025
VARA-aligned spot venue from signed SOW to external depth
Before
14 mo internal estimate
After
9 weeks to production match
Travel-rule handoff to Notabene-class messaging, AED fiat rails, and maker incentives without freezing the matching cluster during cutover.
“We stopped burning calendar on core matching and focused compliance evidence instead - that flip alone saved the programme.”Read anonymised brief →
Frankfurt · Banking sandbox · Q2 2025
Single codebase from sandbox to MiCA-ready audit trail
Before
Disconnected spreadsheets & logs
After
One risk console + exportable evidence
Mapped limits, surveillance, and GDPR retention into a reviewer-friendly narrative; avoided parallel compliance shadow builds.
“Auditors asked for lineage - we could show decisions, not screenshots.”Read full case study →
São Paulo · Brokerage · Q4 2025
Latency SLO held while onboarding external aggregation
Before
P99 spikes during depth mirroring tests
After
<5 ms P99 internal match (colo reference)
Tuned WAF and matching isolation so toxicity controls could run without starving the CPU budget for retail spikes.
“Our desk finally trusted the book during soccer-match volumes.”Read market-risk addendum →
FAQ
Frequently Asked Questions
Straight answers for engineering, compliance, and procurement – before you enter diligence.
Bitronix delivers licence-agnostic exchange infrastructure, not legal representation. Your counsel or local licensing partner owns filings, entity structure, and jurisdictional interpretation. Our role is to produce the engineering evidence regulators expect: control narratives, data-flow diagrams, change-management history, incident runbooks, and test evidence from matching, custody hand-offs, and KYC/AML orchestration. We have supported teams aligning product artefacts to MiCA CASP patterns, VARA operational expectations, and U.S. FinCEN-style MSB programmes, but approvals always sit with the licensed entity and its advisors.
White-label deployment reuses the audited Bitronix core - matching, risk, admin, surveillance exports, and custody connectors - with your brand, assets, and configuration. You move faster because settlement semantics, replay tooling, and operational dashboards already exist. Fully custom work extends that core: bespoke order types, internal OMS/EMS integration, proprietary liquidity workflows, regional payment rails, or dedicated regions for a banking parent. Custom modules still inherit the baseline security and logging model so you are not maintaining a fork without governance.
Ownership and licensing are defined in the statement of work. Starter and Growth tiers typically include a deployment licence to the Bitronix codebase with periodic updates under your SLA. Enterprise programmes may include source-code escrow, time-limited transfer, or full acquisition of specified modules, with third-party obligations carved out. We avoid ambiguous IP clauses: deliverables, exclusions, and escrow release conditions are enumerated before kickoff so procurement and legal teams can sign with clarity.
Launch is day one of operations, not the end of the engagement. Every tier includes a post-launch SLA covering severity-classified incidents, dependency upgrades, matching-engine tuning, and configuration changes under change control. You choose response windows, regions, and optional twenty-four-hour coverage. We provide health dashboards runbooks, and communication protocols for regulators or hosting partners. Major upgrades - for example custody provider migrations - are planned as separate milestones with rehearsal environments.
Liquidity is staged deliberately. You can open with internal or designated market-maker quote feeds, then enable external aggregation when surveillance and credit limits are verified. Bitronix integrates modular liquidity aggregation and depth mirroring from tier-one venues, with toxicity controls and slippage caps per symbol class. We document maker incentive programmes and connectivity prerequisites so treasury and commercial teams know the sequence: technical ready, credit ready, then external flow. We do not promise specific depth; we provide the integration and risk controls to scale responsibly.
Listings pass through the admin risk console with a defined evidence trail. Operators attach contract metadata, supply unlock schedules, issuer attestations, and wallet-risk screening results. Approvers can stage enablement per market, per user segment, or per geography. Large programmes may route approvals through an external listing committee; the platform stores attachments and decision timestamps for auditors. Emergency delistings, halts, and circuit breakers are supported with logged rationales to support regulatory inquiry.
We execute quarterly internal penetration testing on the reference stack and coordinate independent reviews with firms you designate - infrastructure, application, and smart-contract surfaces where applicable. Findings are tracked to remediation SLAs with severity labels your risk committee can import. We also rehearse disaster recovery, key-ceremony failures, and partial cloud outages so operations teams know the sequence before a real incident. Audit scope and frequency can expand under Enterprise engagements to match banking-grade expectations.
Yes. Event streams expose trades, KYC milestones, risk alerts, and settlement batches through REST, WebSocket, and signed webhooks. Common patterns include Salesforce or HubSpot updates for sales-qualified leads, Snowflake or BigQuery loads for finance reconciliation, and SOAR ingestion for security operations. We avoid exposing hot-wallet keys to general integration buses; high-risk flows remain within privileged networks with mTLS and key segregation documented in the integration guide.
White-label mobile clients are built against your Apple and Google developer accounts so brand, privacy policy, and regional store rules remain yours. We supply store listings, screenshot packs, and policy notes for crypto trading apps where applicable. Binaries support biometric login, device binding options, and push-notification infrastructure for surveillance alerts. Enterprise customers may additionally co-brand or publish under a subsidiary entity with separate app identifiers while sharing the same backend tenancy model.
Contracts include data portability schedules: historical trades, user attestations, configuration snapshots, and ledger exports in documented formats. Migration runbooks describe cutover sequencing, dual-write windows, and reconciliation sign-off. If you transition to another vendor, we support bounded engineering time to assist handover under a professional-services statement of work. The objective is operational clarity, not lock-in through opaque APIs or undocumented state.
Indicative anchors appear on this page: Starter from roughly eight thousand dollars per month plus setup, Growth with year-one totals often between one hundred fifty and four hundred thousand dollars depending on modules, and Enterprise engagements frequently ranging from five hundred thousand to two million dollars or more when dedicated regions, source options, or twenty-four-seven coverage are required. Final pricing depends on jurisdiction, custody partner, fiat complexity, and SLA depth. A thirty-minute discovery call aligns the proposal without committing procurement to a fixed number prematurely.
Yes, within editions that support customer-managed infrastructure. You provide the cloud account or DC cage; we deploy approved artefacts, remote operations, and break-glass procedures under contract. Latency and support SLAs are tied to the topology you choose.
Cross-region latency is dominated by physics and your carrier path – typically single-digit to low tens of milliseconds for well-peered pairs. We publish RTO/RPO assumptions per topology; active–active matching requires careful symbol partitioning to avoid divergent books.
Node policies follow your asset list: clients pause deposits on ambiguous headers, then reconcile withdrawals and reserves after finality rules you sign off. Ledger postings include chain height metadata for replay and investigation.
Yes. We expose webhook and API contracts for IDV outcomes; you remain controller for personal data. Certification of the integration is joint – we prove technical correctness, you prove lawful basis and retention.
Defaults are tiered by edition – sub-minute RPO for streaming state with synchronous pairs where purchased, and RTO measured in minutes to low hours for regional fail-over. Exact figures are in the service description you execute.
Rolling updates drain connections per cell, migrate matching shards on version boundaries, and gate schema changes behind backward-compatible flags. Breaking changes ride maintenance windows you approve in writing.
Where your Travel Rule gateway supports unhosted counterparty workflows, we pass IVMS101 payloads and status callbacks. Jurisdictional gaps are flagged before go-live – we do not imply universal coverage.
Screening services push deltas; new hits block creates and optionally freeze pending withdrawals pending human review. Audit logs retain before/after hashes and operator IDs for each toggle.
Escrow and read-only review are available on Enterprise subject to IP deed and clean-room rules. Findings feed a mutually agreed remediation backlog; we do not ship arbitrary patches into production without change control.
Logical tenant IDs partition every queue, cache namespace, and object store prefix. Dedicated single-tenant cells are available; shared pools use encryption keys and network policies per tenant. Pen-tests include cross-tenant abuse cases scoped in the rules of engagement.
Ask a follow-up question – we route technical and compliance queries to the right owner.
Ready to launch your exchange?
Book a strategy session or reach sales on WhatsApp - we bring a solutions engineer, not a slide deck.