Normalized claim
App downloads: 2,000,000 downloads
As of December 2021, the Tokocrypto app has been downloaded 2 million times.
Tokocrypto: microservices and DB modernization on Alibaba Cloud to support crypto trading growth (FinTech)
Use case typeTrading platform modernizationUpdated Dec 31, 2021
Tokocrypto is a regulated Indonesian crypto trading platform that modernized its infrastructure on Alibaba Cloud. The company moved from a monolithic setup to microservices and used managed databases to improve reliability, elasticity, and operational efficiency for trading workloads.
- Organization
- Tokocrypto
- Industry
- Finance
- Location
- Indonesia
- Published
- December 2021
Reported outcomes
Daily trading value: More than 191,000,000 USD
Revenue & growth
App downloads: 2,000,000 downloadsRegistered users: More than 2,000,000 usersDaily trading value growth: More than 754% higher
Strategic outcomes
Scale & capacitySupported rapid user and trading growthOther strategic outcomeImproved reliability and availability for trading workloadsCost efficiencyReduced O&M burden so staff can focus on business
Why do we believe this?Outcome claims, sources, and evidence checks
Normalized claim
Registered users: 2,000,000 users increase
At the end of 2021, Tokocrypto recorded more than 2 million registered users, up 8x from 250,000 users in 2020.
Normalized claim
Daily trading value growth: 754% increase
The daily trading value of crypto assets at Tokocrypto grew by 754% and has reached more than $191 million (equivalent to IDR 2.7 trillion).
Normalized claim
Daily trading value: 191,000,000 USD increase
The daily trading value of crypto assets at Tokocrypto grew by 754% and has reached more than $191 million (equivalent to IDR 2.7 trillion).
Why do we believe this deployment?Customer identity, provider attribution, maturity, and source checks
- Customer
- Tokocrypto
- Provider
- Alibaba
- Maturity
- Production
- Linked source
- Alibaba Cloud Customers
The company moved from a monolithic setup to microservices and used managed databases to improve reliability, elasticity, and operational efficiency for trading workloads
Customer identity supportedSource describes one deploymentMaturity supported
Primary read
Use case focus
Showing 3 of 3
- 1Trading platform modernization
- 2Infrastructure modernization
- 3Operations optimization
- Tokocrypto needed infrastructure that could support uncertain demand and traffic spikes in crypto trading.
- As a regulated fintech company with limited resources, it needed to reduce operational effort and improve reliability while continuing to scale.
- Tokocrypto ran business applications on Alibaba Cloud Elastic Compute Service with load balancing for high availability.
- It migrated toward microservices using Alibaba Cloud Container Service for Kubernetes (ACK) to gain automation and auto scaling.
- It used ApsaraDB for MongoDB, Tair (Redis OSS-compatible), and PolarDB to reduce operations overhead and handle elastic workload spikes.
- The app was downloaded 2 million times by December 2021.
- Tokocrypto had more than 2 million registered users, 8x the 2020 figure.
- Daily trading value grew by 754% to more than $191 million.
Architecture
Business applications run on Alibaba Cloud Elastic Compute Service with load balancing for high availability. Tokocrypto then moved to microservices on Alibaba Cloud Container Service for Kubernetes (ACK) to gain automation and auto scaling. It uses ApsaraDB for MongoDB, Tair (Redis OSS-compatible), and PolarDB for elastic, managed database operations and read/write splitting.
Sources & evidence1
Evidence: Medium65/100Evidence strength
- Customer explicitly identified
- Deployment status explicitly supported
- Primary source available
- Quantified outcome available
- Technical implementation details available
Type: Customer StoryPublished: Dec 31, 2021Publisher: Alibaba CloudEvidence: PrimaryConfidence: High
AI-generated summary. Verify important details with the linked sources before relying on this case.
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