Markets
7 Big Crypto Exchange Challenges & How Data Platforms Fix Them
The following are some examples of data platforms improving crypto exchanges:
XT.com Post-Breach Recovery: Following its 2024 breach, XT.com moved to a real-time data platform, accelerating fraud alerts from hours to milliseconds while shaving 40% off slippage.
CoinEx’s Security Revamp: After a $70 million hot wallet hack, CoinEx implemented a hybrid data architecture, segregating cold wallets and automating transaction surveillance.
Coherent Solutions’ Fee Clarity: A 0.25% flat-fee exchange, combined with solid data infrastructure, welcomed 15,000 new customers in six months, demonstrating that dependability fuels growth.