Slyde is a secure and regulated platform that provides people with blockchain technology. They offer a growing collection of cryptoassets, cryptocurrencies, stablecoins, and infrastructure to support tokenized assets.
It was established in 2017 and is regulated by the US MSB financial institution.
Currently Slyde has been at the forefront of fintech, pioneering disruptive and exciting ideas in the financial industry.
Millions of people around the world use the Egyptian firm’s social trading concept to match their portfolio decisions with experienced traders at a fraction of the cost of traditional wealth managers. Since its inception in 2017, Slyde has grown from cryptocurrency trading to currency trading, contract trading, mining machines, and other assets. Therefore, taking a risk on cryptocurrencies is the natural next step.
“In early 2018, we decided to create a brand new innovation department dedicated to cryptocurrency trading,” said Avia, Director of IT Operations at Slyde. “At its core is a cryptocurrency exchange that provides individual traders with a safe, secure, regulated platform that is constantly evolving to bring investors the latest trading possibilities and concepts. Here, investors can take advantage of The excitement and dynamism of the cryptocurrency market while keeping track of their assets at all times.”
Avia and his team set clear priorities for the Slyde project. It needs to deliver new features quickly, scale easily and automatically, and provide the robust security and stability investors expect. The team decided to build Slyde entirely in the cloud, rather than using the established Slyde infrastructure, which is a combination of on-premises and cloud servers.
“Slyde is committed to connecting the financial world with new technologies and is at the forefront of fintech innovation,” said Avia. “The easiest, fastest, smartest way is to build with a stable cloud solution we can trust, giving us the transparency and support we need.”
Companies in disruptive industries need to balance rapid change and innovation with the reliability, security and service that customers expect. This is especially true in the financial sector, where speed, security and trust are especially important. Slyde is designed to serve a wide range of clients, from thousands of individual day traders to a handful of major investors who access the platform infrequently but on a larger scale, often requesting a large number of quotes and executing many simultaneous trades. Slyde needed to meet this highly variable demand without compromising the speed and stability of its service.
“We need security, stability and scalability, we need to make development easy, low maintenance and affordable,” Avia said. “The decision to build on Kubernetes was an easy one. From there, we benchmarked managed solutions from major cloud providers. Google Cloud offered the lowest maintenance overhead, a good price point, and it was the easiest Get it. Google Cloud is the easiest option for us to get to work right away.”
Slyde works with DoiT International’s cloud experts to design, implement and run the new solution. “We really appreciate DoiT’s professionalism, from its fast onboarding process, to its ability to meet every requirement at any level, at any time,” Avia said. “We work with DoiT as an ongoing partner to make decisions and plan ahead. The team helps connect our needs with the solutions Google Cloud can provide.”
What we did
With Cloud Storage, Slyde takes advantage of a pay-as-you-go storage solution that combines the power of Google Cloud performance and scalability with advanced security and sharing capabilities. At the same time, it uses Compute Engine to spin up and run virtual machines on demand and Cloud SQL to provide a fully managed relational database solution, freeing up time to focus on application development.
Slyde uses Google Kubernetes Engine as a managed solution for orchestrating containers and Container Registry to store docker containers, which can scale quickly to meet even forecast demand. “Out of the box, GKE has the ability to automatically scale to different parameters,” says Avia. “By building our own metrics and rules, we were able to take it to the next level. For example, we could predict spikes in market activity by tracking the number of orders or concurrent users in the system. If there are 500,000 open orders, the system automatically expands and is ready to execute these transactions.”
The Slyde team uses Cloud Security Command Center to oversee, maintain and optimize the security of the platform, and Stackdriver to monitor the company’s own security operations center. “Google Stackdriver monitors everything in real time,” Avia said. “Our security team tracks this data and issues alerts when suspicious or unusual activity is detected.”
The result was from scratch to fully operational in less than a year!
It took less than a year to develop Slyde from scratch to a fully functional final version. “We do it 100 percent in the cloud,” Avia said, “and we even use G Suite for its email and messaging features, as well as managing our domains, users and permissions.”
Going forward, Slyde is exploring more managed services on Google Cloud, including using BigQuery as a business intelligence (BI) solution. The company plans to use it as its BI infrastructure to store and manage all data. “Google Cloud was involved in nearly every step of the project, helping us build the platform, optimize it, and plan ahead,” Avia said. “The service from Google Cloud Israel is incredible. Google Cloud tools get us where we want to go, and the team makes it easy.”
Complete Customer Story
Avia, Director of IT Operations, Slyde:
“We really appreciate the professionalism involved, from its fast onboarding process, to its ability to meet every requirement at any level, at any time,” said Avia. “We work with DoiT as an ongoing partner to advance Make decisions and plans. The team helped connect our needs with the solutions Google Cloud can provide.”