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Building a trading platform from scratch
This document discusses building a cryptocurrency trading platform from scratch. It outlines choosing the best opportunity in the financial services sector and assembling a team with financial and technical expertise. The platform was developed with a lean startup approach, focusing on the front-end user experience and back-end risk management. Key challenges included internal communication, work-life balance, and prioritizing development. Going forward, the company aims to continue its lean process while expanding its product offerings in the growing cryptocurrency investment field.
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Building a trading platform from scratch
- 1. A Startup Perspective Buildinga Trading Platform from Scratch
- 2. How did Iget here? • Passion • Diverse background • Frustration • Passion!!
- 3. Getting Started • Choosethe Best Opportunity • Choose the Best Team
- 4. Best Opportunity No. ofCompanies Exchange Financial Services Mining Hardware Payment Processor Universal Wallet 37% 26% 9% 11% 6% 11% Source: Coindesk, State of Bitcoin Q1 2014
- 5. Best Team • Wehad the financial expertise • We partnered to acquire the technical expertise
- 6. Building A TradingPlatform • Two parts: – Front End – User Experience – Back End – Risk Management
- 7. Adopting The LeanStartup • Limited resources • Speed to market • Build – Measure – Learn
- 8. Challenges We Faced •Internal communication • Work-life balance • Prioritising development
- 9. Where to fromhere? • Exciting product pipeline • Continue to Build – Measure – Learn • The future of bitcoin investing
Editor's Notes
- #2 Introduce myself. Explain that I’ve been asked to share my experience of building a trading platform from scratch.
- #3 Always been passionate about running my own business. Started a business straight out of uni – not enough experience. Worked across a number of industries gaining broad experience. Focused on finance. Became frustrated by not being able to do what I wanted to do. Passion + experience = I was ready.
- #4 Introduced to bitcoins and was immediately excited by the disruptive nature and abundance of opportunities. All about picking the best one – for me, it was based on my experience. Built a team to cover my weaknesses.
- #6 Introduced to bitcoins and was immediately excited by the disruptive nature and abundance of opportunities. All about picking the best one – for me, it was based on my experience. Built a team to cover my weaknesses.
- #7 Trading platform is made up of two parts. So how to get started?
- #8 Started by adopting the lean startup up. Built simplified front end quickly. Launched private beta to get user feedback. Back end was non existent initially – managed out of spreadsheets. Refined front end based on user feedback. Built the back end while continually getting user feedback.
- #9 IT tech developers with no finance background and finance experience with no tech background (me). Loooooong hours. Balancing time with family is tough. I took a week off to do Shitbox rally. So many things to work on with only limited resources. Constant challenge to prioritise development – focus on what users want and not what we think they want.
- #10 We recently launched to the public. We have exciting product pipeline as well as website improvements. We’ll continue to build – measure – learn so we build what users want and not what we think they want. We will drive towards our goal of being the number 1 trading platform available.