From Startup to Powerhouse in the Crypto World
SOUND
Services
Frontend Development
Quality Assurance
Backend Development
Agile & Project Management
team augmentation
Strategy & Consulting
Industry
Fintech
Cryptocurrency
Operating Model
Product Development Team
consulting
Based in Rotterdam, LiteBit was a leading cryptocurrency trading platform that served a vast European audience. Known for prioritizing secure and compliant trading environments, LiteBit maintained a strong market presence until its closure on May 23, 2023. As a two-time award-winning platform, LiteBit transformed cryptocurrency trading by providing a seamless and secure experience to over 1 million EU users.
LiteBit's innovative approach set new standards in the crypto trading industry. The platform's user-friendly mobile app enabled users to buy, sell, and store over 90 cryptocurrencies while ensuring compliance with dynamic EU regulations. This robust infrastructure made LiteBit a trusted choice for users across Europe, solidifying its reputation in the market.
Our contribution
Scaling & Innovating for a New Era of Investors
LiteBit expanded operations beyond the Netherlands, obtaining licenses in Austria and France to serve a broader market. We fortified their tech architecture, supporting robust backend operations and an expanded offering of digital assets. Our contribution included developing a sophisticated trading system with intelligent order routing, a secure dual wallet system, and building their mobile app to ensure security, user-friendliness, and regulatory compliance.
Challenge
Meeting the Demands of a Rapidly Growing Market
LiteBit faced the challenge of scaling its infrastructure to support a rapidly growing user base and expanding its services across Europe. They needed to enhance their mobile app, improve security measures, and ensure compliance with EU regulations while also providing a seamless and intuitive user experience.
Collaborative development and expertise integration
Scalable Expertise
Provided over 30 highly skilled professionals to enhance and expand development efforts.
Collaborative Development
Worked closely with LiteBit’s team to enhance the platform’s functionality and security.
Cross-Platform Development
Developed a fast and secure cross-platform solution using Flutter for both Android and iOS.
Agile Methodology
Implemented Agile practices to ensure rapid iterations and continuous improvement, allowing for flexible and responsive development.
Enhanced Features and Security
Focused on adding new features to improve user experience and ensuring that the apps met the highest standards for security and performance.
Tech stack
Frontend Development
Next.js
React
React Native
iOS (Swift)
Android (Java)
Flutter
React.js
Mobile Development
Swift (iOS)
Java (Android)
Flutter
React Native
Backend & API Development
ASP.NET Core
PHP
Node.js
Go
Integration & Middleware
Retool
Cloud Providers
AWS
Compliance & Governance
Onfido
Chainalysis
IAM
Auth0
Digital Asset Custody
Copper Custody
Key achievements
Scalable Expertise
Provided over 30 highly skilled professionals to enhance and expand development efforts.
Collaborative Development
Worked closely with LiteBit’s team to enhance the platform’s functionality and security.
Cross-Platform Development
Developed a fast and secure cross-platform solution using Flutter for both Android and iOS.
Agile Methodology
Implemented Agile practices to ensure rapid iterations and continuous improvement, allowing for flexible and responsive development.
Enhanced Features and Security
Focused on adding new features to improve user experience and ensuring that the apps met the highest standards for security and performance.
Key achievements
Results and impact
Success Metrics
5/5
App Score Rating
100k
Daily Active Users
1M+
Registered Users
90+
Cryptocurrencies Supported
Testimonial
The Hundred was our strategic development partner. They heavily influenced what LiteBit was, sharing a big part in achieving our success. With a deep understanding of both the Crypto and Fintech industries and their engineers' excellence, they helped LiteBit position as one of the fastest-growing and respected cryptocurrency brokers globally. They simply breathe Crypto!
-Erwin Veldhus, CPTO, LiteBit
Conclusion
Long Term Partnership
As our partnership matured, the scope of our collaboration expanded significantly. We continuously deployed new functionalities and improvements, which led to notable milestones and a strengthened market presence. Our joint efforts resulted in enhanced user experiences, increased transaction volumes, and expanded cryptocurrency offerings. This collaborative journey improved LiteBit's reputation as a leading European crypto broker, and also facilitated its adaptation to evolving market demands and regulatory requirements. Despite LiteBit's eventual cease of operations, the innovations achieved during our collaboration left a lasting impact on the crypto market.
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