Amazon Web Services Case Studies Trading with a One-Stop Digital Asset Platform

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	Trading with a One-Stop Digital Asset Platform Amazon Web Services

Trading with a One-Stop Digital Asset Platform

Amazon Web Services

Technology Category	Infrastructure as a Service (IaaS) - Cloud Computing Infrastructure as a Service (IaaS) - Cloud Databases Infrastructure as a Service (IaaS) - Cloud Storage Services
Applicable Industries	Finance & Insurance
Applicable Functions	Business Operation Sales & Marketing
Use Cases	Predictive Replenishment Predictive Waste Reduction
Services	Cloud Planning, Design & Implementation Services System Integration
Challenge	Modernity Financial Technologies, Ltd. was facing the challenge of supporting a rapidly growing user base on its digital currency exchange and investment platforms, MaiCoin and MAX Exchange. The company needed a solution that could easily scale to accommodate a 563% average monthly member growth rate and an 894% average monthly cryptocurrency exchange rate. Additionally, the company wanted to decrease its daily operational time and reduce costs. Read More
About Customer	Modernity Financial Technologies, Ltd. is a company based in Taiwan that was founded in 2013. The company provides a digital currency exchange and investment platform. It operates its Kubernetes container solution on the AWS Cloud, using features such as Amazon EC2, Amazon RDS, and Amazon ElastiCache. The company's one-stop digital asset platforms, MaiCoin and MAX Exchange, enable users to trade digital assets like Bitcoin, Ethereum, and Litecoin. Read More
Solution	The company chose to run its Kubernetes container solution on the AWS Cloud, leveraging Amazon EC2, Amazon RDS, and Amazon ElastiCache. Amazon EC2 provided the scalability needed to support the company's rapid member growth rate. Amazon RDS and Amazon ElastiCache were used to support the high cryptocurrency exchange rate. To decrease daily operational time, the company used AWS Lambda. To reduce costs, the company used Kubernetes on Amazon EC2 Spot Instances. Read More Log in to view content
Contents

Technology Category

Infrastructure as a Service (IaaS) - Cloud Computing

Infrastructure as a Service (IaaS) - Cloud Databases

Infrastructure as a Service (IaaS) - Cloud Storage Services

Applicable Industries

Finance & Insurance

Applicable Functions

Business Operation

Sales & Marketing

Use Cases

Predictive Replenishment

Predictive Waste Reduction

Services

Cloud Planning, Design & Implementation Services

System Integration

Challenge

Modernity Financial Technologies, Ltd. was facing the challenge of supporting a rapidly growing user base on its digital currency exchange and investment platforms, MaiCoin and MAX Exchange. The company needed a solution that could easily scale to accommodate a 563% average monthly member growth rate and an 894% average monthly cryptocurrency exchange rate. Additionally, the company wanted to decrease its daily operational time and reduce costs.

About Customer

Modernity Financial Technologies, Ltd. is a company based in Taiwan that was founded in 2013. The company provides a digital currency exchange and investment platform. It operates its Kubernetes container solution on the AWS Cloud, using features such as Amazon EC2, Amazon RDS, and Amazon ElastiCache. The company's one-stop digital asset platforms, MaiCoin and MAX Exchange, enable users to trade digital assets like Bitcoin, Ethereum, and Litecoin.

Solution

The company chose to run its Kubernetes container solution on the AWS Cloud, leveraging Amazon EC2, Amazon RDS, and Amazon ElastiCache. Amazon EC2 provided the scalability needed to support the company's rapid member growth rate. Amazon RDS and Amazon ElastiCache were used to support the high cryptocurrency exchange rate. To decrease daily operational time, the company used AWS Lambda. To reduce costs, the company used Kubernetes on Amazon EC2 Spot Instances.

Impact #1	Supported a 563% average monthly member growth rate through the ease of scalability with Amazon EC2
Impact #2	Decreased daily operational time from hours to minutes by leveraging AWS Lambda
Impact #3	Supported an 894% average monthly cryptocurrency exchange rate with Amazon RDS and Amazon ElastiCache

Impact #1

Supported a 563% average monthly member growth rate through the ease of scalability with Amazon EC2

Impact #2

Decreased daily operational time from hours to minutes by leveraging AWS Lambda

Impact #3

Supported an 894% average monthly cryptocurrency exchange rate with Amazon RDS and Amazon ElastiCache

Benefit #1	563% average monthly member growth rate supported
Benefit #2	Daily operational time decreased from hours to minutes
Benefit #3	894% average monthly cryptocurrency exchange rate supported

Benefit #1

563% average monthly member growth rate supported

Benefit #2

Daily operational time decreased from hours to minutes

Benefit #3

894% average monthly cryptocurrency exchange rate supported

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Overview

Trading with a One-Stop Digital Asset Platform

Operational Impact

Quantitative Benefit