Trading with a One-Stop Digital Asset Platform
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Company Size
11-200
Region
- Asia
Country
- Taiwan
Product
- Amazon EC2
- Amazon RDS
- Amazon ElastiCache
- AWS Lambda
Tech Stack
- Kubernetes
- AWS Cloud
Implementation Scale
- Enterprise-wide Deployment
Impact Metrics
- Cost Savings
- Productivity Improvements
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
About The 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.
The 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.
The 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.
Operational Impact
Quantitative Benefit
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