INX Elevates Digital Asset Trading via AWS Cloud Migration with Profisea

INX, a leading cryptocurrency exchange operator in the digital asset trading industry, embarked on a transformative journey to improve its platform’s performance, scalability, and security through cloud migration. In pursuit of this vision, INX partnered with Profisea, an Israeli DevOps and Cloud boutique company known for its expertise in cloud solutions and deployment automation. This case study explores the collaborative effort between INX and Profisea in migrating the digital asset trading platform to Amazon Web Services (AWS).

Customer Profile

The INX.One innovative platform incorporates a specific microservices-based API interface that provides broker-dealers, corporate financiers, traders, investors, and market makers with an intuitive user experience. Furthermore, it boasts a robust matching engine, comprehensive regulatory oversight, seamless operations, and timely trading support.

With a keen focus on delivering a secure environment for its users, INX sought to harness cloud technology to enhance its platform’s efficiency, reliability, and scalability.

Partnership Goals

INX faced several challenges that necessitated a move to the cloud:

INX needed a platform capable of handling high-frequency trading without any interruptions, demanding a robust and scalable infrastructure.
Ensuring round-the-clock availability and reliability was paramount to meet the demands of the digital asset trading market.

INX’s commitment to maintaining a secure environment for its users required advanced security measures, including DDoS protection and continuous monitoring.
Cost efficiency was critical, and INX aimed to optimize its cloud costs while upholding top-notch performance.

To realize this vision, INX partnered with Profisea, an AWS Consulting Partner providing a comprehensive suite of cloud services based on best practices for cloud deployment automation. After conducting a thorough evaluation of all possible alternatives, Profisea offered INX an AWS-based solution tailored to the customer’s well-architected infrastructure.

Why Amazon Web Services?

AWS offers a wide range of services, from computing and storage to databases, analytics, and AI/Machine Learning (ML), to build a complete infrastructure stack, optimize costs, and automate Infrastructure as Code (IaC) implementation. Cloud services are highly configurable, providing an extensive set of APIs, SDKs, and tools to create a scalable and flexible infrastructure. Also, AWS delivers security features and services to define security policies, access controls, and network configurations.

Amazon Web Services used in the project: AWS Identity and Access Management (IAM), AWS Command Line Interface (AWS CLI), AWS Certificate Manager, AWS Key Management Service (AWS KMS), Amazon Virtual Private Cloud (VPC), Amazon Route 53, Amazon Elastic Compute Cloud (Amazon EC2), Amazon Elastic Block Store (AWS EBS), AWS CloudFormation, Amazon Simple Storage Service (Amazon S3), AWS CloudTrail, AWS CloudWatch, AWS Pricing Calculator, AWS Lambda, Amazon Simple Queue Service (SQS), Amazon Relational Database Service (Amazon RDS), Amazon Aurora PostgreSQL, AWS Database Migration Service (DMS), Amazon Kubernetes (Amazon EKS), Amazon Elastic Container Registry (Amazon ECR).

Reaching the Goals

Profisea proposed a comprehensive solution leveraging AWS services to address INX’s challenges:

Infrastructure as Code (IaC) Implementation. Profisea implemented Terraform for AWS infrastructure, ensuring a consistent and reliable infrastructure environment. This approach prevented configuration inconsistencies and enabled collaboration among development teams.
Kubernetes for Scalability. AWS EKS was selected to automate load distribution and parallel processing. This allowed INX to scale its platform effortlessly to meet varying workloads.
Database and Caching Optimization. Amazon RDS was configured to increase database reliability, while Amazon ElastiCache was utilized to accelerate application and database performance.
DNS Management for Reliability. Amazon Route53 was utilized to improve DNS reliability with re-route configuration, guaranteeing INX’s platform remained accessible at all times.
Continuous Integration/Continuous Deployment (CI/CD). CircleCI was used to build a CI/CD pipeline, streamlining automated testing and code deployment.
Cost Optimization. Profisea introduced Uniskai by Profisea Labs, a comprehensive FinOps solution, to manage cloud costs efficiently and eliminate waste.
Monitoring, Alerting, and Network Security. Grafana and Prometheus were adopted for continuous monitoring and alerting, allowing INX to proactively address any issues and maintain system health. CloudFlare was integrated to shield INX from DDoS attacks, improving platform security.

Results

The collaboration between INX and Profisea resulted in a successful AWS cloud migration, yielding the following outcomes:

Scalable Platform. INX acquired a highly scalable platform capable of handling high-frequency trading and substantial workloads.

Reliability. The platform achieved an impressive uptime of 99.99%, meeting the exacting demands of the digital asset trading industry.
Enhanced Security. INX’s platform was bolstered with advanced security measures, including DDoS protection and continuous monitoring, ensuring user data’s safety.
Cost Optimization. Uniskai by Profisea Labs helped INX optimize cloud costs, eliminating waste and reducing expenses while sustaining peak performance.
Streamlined Deployment. The utilization of Terraform and Kubernetes streamlined deployment processes, making updates and maintenance trouble-free.
Continuous Improvement. The adoption of CI/CD, monitoring tools, and an agile methodology ensured INX could continually enhance and adapt to changing market conditions.

Profisea: Transforming Cloud Challenges into Innovative Solutions

Profisea is an Israeli DevOps and Cloud boutique company that implements best practices of GitOps, DevSecOps, and Kubernetes-based Cloud environments deployment automation and provides FinOps premium services using a unique AI-based cost-optimization platform.

Our mission is to assist technology-driven companies and organizations in connecting all the aspects of business, development, and operations areas to maximize performance, reduce costs, eliminate waste, shorten time to market, and create an agile application lifecycle. As no two clients are alike, we develop customized, unique strategies to meet the specific needs of each customer.