Crypto exchanges: licensing, custody, and matching.
From CEX to brokered exchange: we pick the structure that fits your model, a regulated custody partner, and a battle-tested matching engine.
What's wrong
with the traditional way.
The symptoms we see over and over in teams that come to us after 6 months lost.
Confusing licensing
VASP, MSB, EMI: mixing them up gets expensive. The wrong jurisdiction loses you your bank.
Insecure custody
Amateur self-custody. One incident takes you down.
Generic matching engine
Open-source libraries that fail under real volume.
Fiat on/off ramp
No fiat rails, no volume. Few banks accept exchanges.
How we
do it.
Three concrete steps with verifiable deliverables in each one. No slides or endless decks.
Classify your model
CEX spot, brokered, DeFi front-end, on/off ramp: each with a different license and stack.
Regulated custody
Fireblocks, BitGo, Zodia, or similar, depending on jurisdiction.
Matching + liquidity
B2Broker, Centroid, or custom engines with aggregated tier 1 liquidity.
What you take away.
Everything you need to operate, with no phantom items in the contract.
- 01VASP/MSB license in the right jurisdiction
- 02Institutional custody partner
- 03Matching engine + crypto liquidity
- 04Fiat on/off ramps
- 05KYC/AML + travel rule
- 06Admin panel with monitoring
Want it applied to your project?
A Horizon consultant reviews your specific case. Free diagnostic.