Digital asset exchange Beaxy today announced it has begun migrating operations to leading blockchain infrastructure provider Blockdaemon. Since its founding in 2017, Blockdaemon has grown rapidly toward becoming the de facto blockchain entry point for institutions and crypto platforms all the while garnering trust from custody providers, development teams, and exchanges. Its list of supported blockchain networks includes many of the major names in the industry such as ETH 2.0, Bitcoin, Polkadot, Solana, Cardano, the Lightning Network, and Cosmos. Blockdaemon has deployed more than 10,000 nodes and it’s infrastructure is being used indirectly by more than 25 million registered users worldwide.
Node management is one of the most critical infrastructure elements at any exchange. Persistent server uptime, data integrity, and redundant 100% reliable architectures are all essential to efficient operations. Blockdaemon specializes in these key components to such an extent that the company provides a guarantee to its customers against loss of funds and platform downtime.
Cooper Craighead, Beaxy’s Head of Customer Support, commented, “Up to this point all of the monitoring, updating, and adaptation to account for constantly changing security environments and hard forks had to be done in house at high cost. Blockdaemon’s node solution comes with 24/7 monitoring that will help us catch technical issues before they snowball into long maintenance periods. Anyone who has run even a single node on one network before will tell you – they’re resource hungry. Blockdaemon’s scaling cloud solution will allow our infrastructure to operate with less overhead making it lighter and faster.”
Having realized record trading volume in Q3, gaining the infrastructure backbone provided by an industry wunderkind like Blockdaemon will position Beaxy well for prolific user growth in the year ahead.