eToroX launches crypto exchange in under a year
DoiT helped design and operationalize the platform on Google Cloud using GKE, custom autoscaling, and real-time security monitoring.
Meet eToroX
For more than a decade, eToro has been at the forefront of fintech, pioneering disruptive ideas in the finance industry. Millions worldwide use the Israeli company's social trading concept to match portfolio decisions with experienced traders at a fraction of traditional wealth manager costs. Since founding in 2007, eToro progressed from foreign exchange to commodities, indices, stocks, and other assets. The venture into cryptocurrencies was a natural next step. At the beginning of 2018, they created eToroX, a new division dedicated to cryptocurrency trading, offering traders a safe, secure, regulated platform.
The Challenge
eToroX needed to balance fast-moving innovation with reliability and security for cryptocurrency trading. The platform required handling highly variable demand from thousands of daily traders to major investors executing large-scale transactions, while maintaining speed, security, and stability that financial customers expect.
The Solution
eToroX built entirely on Google Cloud using Google Kubernetes Engine for container orchestration, Cloud Storage for scalable storage, Compute Engine for virtual machines, and Cloud SQL for managed databases. They implemented custom autoscaling metrics to anticipate market spikes and used Cloud Security Command Center and Stackdriver for comprehensive monitoring.
Results
- Built fully functional cryptocurrency exchange from scratch in less than one year
- Achieved automatic scaling based on custom metrics like order volume and concurrent users
- Implemented real-time security monitoring with comprehensive threat detection
We really appreciate the professionalism of DoiT, from its swift onboarding process, to its ability to support us at any level, at any time, and for every requirement. We work with DoiT as an ongoing partner to make decisions and plan ahead. The team helps connect our needs to the solutions that Google Cloud can provide.
Aviad Diamant, Director of IT Operations, eToroX
What's Next
Moving forward, eToroX is exploring more managed services on Google Cloud, including BigQuery as a business intelligence solution for storing and managing all data as their BI infrastructure. Google Cloud has been involved in almost every step of the project, helping build the platform, optimize it, and plan ahead. The service from Google Cloud Israel has been exceptional, with Google Cloud tools helping them reach their goals while making the process easy.
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