Slyde is a secure and regulated platform that provides users with blockchain technology. They offer a growing collection of cryptoassets, cryptocurrencies, stablecoins, and infrastructure to support tokenized assets.
It was created in 2017 and is regulated by the American financial institution MSB.
Currently, Slyde is at the forefront of fintech, pioneering disruptive and exciting ideas in the financial industry.
Millions of people around the world use the Egyptian company’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 expanded from cryptocurrency trading to currency trading, contract trading, mining machinery, and other assets. Therefore, taking a risk on cryptocurrencies is the natural next step.
“At the beginning of 2018, we decided to create a whole 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 and regulated platform that is constantly evolving to provide investors with the latest trading opportunities and concepts. Here, investors can enjoy the excitement and momentum of the cryptocurrency market while keeping track of their assets at all times.
Avia and her team have set clear priorities for the Slyde project. It should deliver new features quickly, scale easily and automatically, and provide the robust security and stability that 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 to new technologies and is at the forefront of fintech innovation,” Avia said. “The easiest, fastest and smartest way is to build with a stable cloud solution that we can trust, giving us the transparency and support we need.”
Companies in disruptive industries must 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 particularly important. Slyde is designed to serve a wide range of clients, ranging from thousands of individual day traders to a handful of major investors who access the platform infrequently but on a larger scale, often requesting large numbers 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 rely on Kubernetes was easy. From there, we compared managed solutions from major cloud providers. Google Cloud had the lowest maintenance fees, a good price, and it was the most easy to get. Google Cloud is the easiest option for us to get to work right away.”
Slyde is working with cloud experts at DoiT International to design, implement and run the new solution. “We really appreciate DoiT’s professionalism, from their quick onboarding process to their ability to meet any requirements at any level, at any time,” said Avia. “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 have done
With Cloud Storage, Slyde takes advantage of a paid storage solution that combines the performance and scalability power of Google Cloud with advanced security and sharing features. At the same time, it uses Compute Engine to launch 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 to orchestrate containers and Container Registry to store Docker containers, which can scale quickly to meet even predicted demand. “Out of the box, GKE has the ability to automatically adapt to different settings,” says Avia. “By creating our own metrics and rules, we were able to take it to the next level. For example, we could predict peaks in market activity by tracking the number of concurrent orders or users in the system. If there are 500,000 open orders, the system automatically expands and is ready to execute those trades.
The Slyde team uses Cloud Security Command Center to oversee, maintain, and optimize platform security, 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 zero 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% in the cloud,” Avia said, “and we even use G Suite for its mail and messaging features, as well as to manage 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 a BI infrastructure to store and manage all data. “Google Cloud was involved in almost every step of the project, helping us build the platform, optimize it, and plan ahead,” Avia said. “Google Cloud Israel’s service is amazing. Google Cloud tools get us where we want to go, and the team makes it easy for us.”
Complete customer testimonial
Avia, Director of IT Operations, Slyde:
“We really appreciate the professionalism involved, from their quick onboarding process to their ability to meet any requirements at any level, at any time,” Avia said. “We work with DoiT as an ongoing partner to drive decisions and plans forward. The team helped bridge the gap between our needs and the solutions Google Cloud can provide.”
Company Name: Slyde
Contact person: Irving
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