Developer Diaries: Updates for the 43 Week

1. We successfully migrated the test environment and test version of the exchange to our own servers. Everything is functioning smoothly, and testing is complete. This paves the way for a rapid migration of the live exchange version to our infrastructure. The “production” server will be moved more quickly, as the most complex work was completed during the test environment migration.

2. During the migration, we rewrote a substantial portion of the code and implemented numerous optimizations. This has enhanced the speed, stability, and information security of the entire infrastructure. Now, the exchange’s security system is closer to standards used by military and specialized services.

3. We’ve reached an agreement with a bank (yet unnamed) to issue cards compatible with the MIR payment system. The bank has already started integration on its end, while we’ve completed the interface design. These cards are intended for users in MIR-supported countries, including Russia, Belarus, and some other former CIS countries. In short, if MIR operates in a country, these cards will work there as well, supporting top-ups, withdrawals, and payments in rubles. For countries where MIR isn’t available, we have other partners lined up for integration in winter-spring 2025. This will be quick, as we’ll reuse the card functionality and interfaces already developed.

4. In addition to cards, we’re implementing a system for ruble deposits and withdrawals via bank transfers. This option will be available to residents of former CIS countries, addressing the limitations of large transactions through cards and P2P. This means institutions across Russia and the CIS will soon have the capability for significant trades and large-scale transactions. We’re also planning to introduce RUB/BTC, RUB/ETH, and possibly RUB/USDT pairs. The RUB/USDT pair may come later, as USDT handling with RUB requires safeguards to avoid liquidity issues.

5.The first part of the new wallet interface for the exchange’s web version is currently in final testing and may be released as soon as this week. Upcoming updates include redesigned deposit and withdrawal screens (we’re well aware of the current issues), as well as a complete, user-friendly transaction history interface for trades, deposits, withdrawals, and other activities. Afterward, we’ll begin developing the cryptocurrency bank card screen. The goal is to launch this feature by February 2025, though timing depends on our bank partner’s speed in implementing the required functionality.

6. Integration with the Monetix payment system is underway. Given its significant differences from our existing systems, much of the work is being built from scratch. The anticipated release is in about a month, after which we’ll immediately begin developing the cryptocurrency card functionality.

7. The new KYC provider is in its final testing phase, with launch expected by the end of this month.

To answer the question “When does marketing promotion start?”, it will begin after the main server transfer to our own infrastructure and test completion, projected for the end of November. Toward the end of the month, you’ll see gradual liquidity growth in primary trading pairs (note that some low-volume pairs will be removed — more on that in next week’s post) and a ramp-up of marketing activities.

Have a great weekend! Stay tuned to our news channels, Medium, and more. We look forward to your likes, shares, and activity in the KickRef referral system (which we’ll also be updating soon as resources become available).

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