Bitcoin’s price crossed US$19,892 last Monday, breaking its previous record of $19,782.21, which it hit in December 2017. Here’s why this price rally is different. The price of Bitcoin (BTC) climbed to a record high on November 30, reaching over US$19,892 on various exchanges. The [...]
Today, Amazon Web Services, Inc. (AWS), an Amazon.com company (NASDAQ: AMZN), announced that Crypto.com, the world’s first cryptocurrency platform to achieve privacy certification (ISO 27701) and PCI:DSS compliance, has selected AWS as its preferred cloud provider. Running on AWS, Crypto.com will scale to offer financial services beyond its existing user base of more than five million customers around the globe. As one of the largest cryptocurrency companies in the world, Crypto.com provides an alternative to traditional financial services through the Crypto.com App, the Crypto.com Visa Card, the Crypto.com Exchange, and Crypto.com DeFi Wallet. By leveraging the world’s leading cloud platform, Crypto.com benefits from the extensive scalability of AWS’s global infrastructure and services designed to meet the most exacting standards for security and compliance, and provides a seamless experience for its rapidly growing global customer base.
Crypto.com integrates security practices within its DevSecOps framework to factor security into every element of its applications, platform, and infrastructure. By using AWS Trusted Advisor, a tool that provides real-time guidance to help provision resources following AWS best practices for security and performance, the company can detect potential security gaps and receive recommendations for improvement. Crypto.com is also using AWS Transit Gateway, a service that enables customers to connect thousands of Amazon Virtual Private Clouds (Amazon VPCs) and their on-premises networks using a single gateway, to support the company’s inter-Region peering to ensure all network traffic is encrypted and to help protect against denial of service (DDoS) attacks and common exploits. Additionally, by leveraging AWS’s reliable and secure infrastructure, Crypto.com is able to address the evolving data residency regulations across the globe.
Crypto.com is scaling on AWS to support rapid growth in its customer base and meet periods of high market volatility when usage can spike eight times larger than the company’s typical peak load. By using AWS Auto Scaling, Crypto.com maintains steady and predictable performance at the lowest possible cost with the ability to automatically adjust capacity and scale instances in minutes. By building on AWS, Crypto.com manages usage spikes without compromising user safety or security, and provides customers with a reliable customer experience. To provide a stable and scalable platform for its customers, Crypto.com uses Amazon Elastic Container Service (Amazon ECS), a highly secure, reliable, and scalable way to run containers, and Amazon Elastic Kubernetes Services (Amazon EKS), the most trusted way to run Kubernetes, to easily launch and scale its new features and services. All of this allows the company’s engineers to focus on developing new offerings for Crypto.com’s customers rather than managing infrastructure.
“We choose to build our products and services on AWS because of its proven operational and security expertise. AWS’s dedication to providing secure and reliable cloud services helps us to deliver stable and secure services to our customers,” said Matthew Chan, CIO at Crypto.com.
“Our customers choose AWS because we meet the most stringent security and compliance requirements,” said Robert Wang, Managing Director of AWS Hong Kong and Taiwan. “We look forward to continuing to support Crypto.com with our unmatched breadth and depth of services and the most proven operational and security expertise, enabling them to provide a seamless experience to their millions of users around the globe.”