A lot of people on this forum are deep into algo trading, APIs, and order execution for stocks. If you've ever wondered how that same logic applies to crypto, it's worth understanding, because building a crypto exchange is a different beast from just connecting to an existing one through an API. When you use Kite Connect, someone else already built the exchange. You're just plugging into it. But if you're building the exchange itself, you're responsible for everything Zerodha handles behind the scenes: the order matching engine, wallet security, liquidity management, and regulatory compliance. Here's what that actually involves. The order matching engine is the core, it has to process buy and sell orders instantly, just like NSE or BSE does for stocks. Wallet infrastructure needs cold and hot storage to keep funds safe while still allowing fast withdrawals. Then there's liquidity, without enough of it, spreads widen and traders leave. And compliance looks different in every country, so KYC and AML have to be built in from day one, not bolted on later. For anyone actually looking to build one, not just trade on one, this covers the full process step by step: how to build a crypto exchangeIt breaks down the architecture, security layers, and cost factors that most guides skip. Curious if any of the algo traders here have looked at building exchange-side infrastructure instead of just trading on top of it.
