Functional requirements of Online Cryptocurrency Exchange Platform with non-functional
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Functional Requirements
User Account Management
Account Creation: Allow users to create accounts with email verification and secure password management.
User Authentication: Implement multi-factor authentication (MFA) for secure login.
Account Recovery: Provide mechanisms for password recovery and account recovery in case of lost access.
Trading Functionality
Order Types: Support various order types such as market orders, limit orders, stop orders, and trailing stop orders.
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Order Execution: Ensure fast and accurate execution of trades, including real-time order matching and execution.
Trade History: Maintain a detailed history of all trades executed by the user, including timestamps and transaction details.
Cryptocurrency Management
Deposit and Withdrawal: Allow users to deposit and withdraw cryptocurrencies and fiat currencies, with support for various payment methods (e.g., bank transfers, credit/debit cards, cryptocurrency transfers).
Wallet Management: Provide secure wallet management for storing cryptocurrencies, including hot and cold wallets for different types of assets.
Market Data and Analytics
Real-Time Market Data: Provide real-time price data, market depth, and trading volumes for various cryptocurrencies.
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Charts and Indicators: Offer advanced charting tools with technical indicators, historical data, and trend analysis for informed trading decisions.
News and Alerts: Integrate news feeds and set up customizable alerts for significant market events or price changes.
Security
Encryption: Use encryption to secure data transmission and storage, including user data and transaction information.
Anti-Fraud Measures: Implement anti-fraud measures such as transaction monitoring, anti-money laundering (AML) checks, and know-your-customer (KYC) procedures.
User Interface and Experience
Dashboard: Provide a comprehensive dashboard where users can view their account balance, open orders, trade history, and market data.
Responsive Design: Ensure the platform is responsive and usable across various devices, including desktops, tablets, and mobile phones.
Order Management
Order Placement: Enable users to place, modify, and cancel orders easily.
Order Notifications: Notify users of order statuses, executions, and any issues related to their orders.
Reporting and Compliance
Transaction Reports: Generate reports for users on their trading activity, including profit and loss statements, transaction histories, and tax reporting.
Compliance Documentation: Provide documentation and support for compliance with financial regulations and reporting requirements.
Customer Support
Help Desk: Offer a help desk or support ticket system for users to get assistance with issues or queries.
Live Chat: Provide live chat support for immediate assistance during trading hours.
Integration
API Access: Provide API access for advanced users and third-party applications to interact with the platform programmatically.
Third-Party Integration: Integrate with external services such as payment processors, market data providers, and liquidity sources.
Non-Functional Requirements
Performance
Scalability: Ensure the platform can handle a large number of users and high trading volumes without performance degradation.
Latency: Minimize latency in order processing, trade execution, and data updates to ensure a seamless trading experience.
Reliability
System Uptime: Maintain high system availability with minimal downtime, ensuring that the platform is accessible 24/7.
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Failover and Redundancy: Implement failover mechanisms and redundancy to ensure continuity of service in case of hardware or software failures.
Usability
User Experience: Design an intuitive and easy-to-use interface, allowing users to navigate the platform and perform transactions with minimal effort.
Accessibility: Ensure the platform is accessible to users with disabilities by following accessibility guidelines and standards.
Security
Data Protection: Implement robust data protection measures to safeguard user information and transaction data.
Penetration Testing: Regularly perform security testing and vulnerability assessments to identify and address potential security issues.
Maintainability
Code Quality: Maintain a clean, modular, and well-documented codebase to facilitate maintenance and future development.
Update Management: Provide a structured process for deploying updates and patches with minimal impact on users.
Compatibility
Cross-Browser Support: Ensure compatibility with major web browsers (e.g., Chrome, Firefox, Safari, Edge) and their latest versions.
Platform Support: Support multiple operating systems and devices, including Windows, macOS, iOS, and Android.
Compliance
Regulatory Compliance: Adhere to financial regulations and industry standards, including AML, KYC, data protection laws, and cryptocurrency regulations.
Audit Trails: Maintain comprehensive audit trails for all transactions and system changes to support compliance and forensic investigations.
Backup and Recovery
Data Backup: Implement regular backups of critical data, including user information, transaction records, and system configurations.
Disaster Recovery: Develop and maintain a disaster recovery plan to restore system functionality and data in case of major failures or emergencies.