Bicoince · Trading

Bicoince: hybrid crypto exchange with spot, perpetuals and TradFi markets

Bicoince is a hybrid exchange: a central-limit-order-book matching engine for custodial spot and derivatives, plus a non-custodial on-chain DEX, in one account. It offers spot in INR, USDT and USDC, perpetual futures, P2P and OTC, and perpetual contracts on stocks, indices, commodities, forex and ETFs.

TradingLiveNode.jsTypeScriptMongoDBRedisWebSocketReactEVMSolana (SVM)Docker

BitAzure role: Matching engine, derivatives and risk, custody and wallets, market-data pipeline, public REST and WebSocket API, web and admin platforms
Website: bicoince.com

Problem

The exchange needed to run crypto spot, margin and perpetuals alongside tokenised exposure to traditional markets, serve both custodial and self-custody users, support local fiat rails, and expose everything through a public API, without splitting users across separate products.

Architecture

An in-memory matching engine runs the order books for spot and perpetual markets, with a risk engine for margin, leverage limits, mark and index prices and funding. Market data is anchored to reference prices across major venues and published through REST and WebSocket endpoints (tickers, order books, trades, candles, funding). Custody separates hot and cold wallets with allowlists and 2FA. A non-custodial on-chain DEX, P2P escrow, OTC desk and payment services share the same account and ledger.

Solution

BitAzure engineered the exchange platform: the matching and risk engines, perpetual futures with mark price and funding, TradFi perpetual markets, custody and wallet infrastructure, KYC-gated onboarding, P2P escrow and OTC flows, the public market-data and trading API, and the web and admin applications. The live prices on this website are served from the Bicoince API.

Features

Spot trading on a central-limit order book
Cross and isolated margin, and perpetual futures up to 40x leverage
Perpetual contracts on stocks, indices, commodities, forex and ETFs
Non-custodial on-chain DEX in the same account
Escrow-protected P2P and an OTC block desk
Copy trading, trading bots, earn and staking, launchpad
Public REST and WebSocket API for market data and trading
2FA, withdrawal allowlists, KYC and segregated custody

Outcomes

Crypto, derivatives and traditional markets in one account and one ledger
Custodial and self-custody trading side by side
A public API that other products, including this website, consume for live prices

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