Marionette: The Software Empowering Crypto & Fiat Exchange Platforms

Did you ever wonder what software your favorite wallet service, exchange platform or crypto swap service is built on? Good chance the foundation behind these public facing businesses is Marionette.dev or one of its predecessors, MobiDAX or OpenDAX.  

Marionette is developed by TuneX, a team responsible for building and deploying dozens of crypto trading and storage services since 2017. Introduction of Web3 concept and extended adoption of decentralization and token based economics, inspired us to design and start developing the ultimate crypto trading software solution Marionette, in 2020.

Today, Marionette is the most modern take on business software for deploying crypto and fiat trading services. Before diving into Marionette.dev, let us overview the platform types available today. 

Cryptocurrency Exchanges Types

Over the past decade, FinTech industry has had an unprecedented amount of innovation inspired by Blockchain technology. At first, traditional financial instruments were adapted to satisfy the public demand for crypto assets, but quickly the industry scaled. Introduction of advanced hybrid custody services and fully decentralized solutions, expanded the options of platforms available to the everyday user. 

Each platform type has its pros and cons, favorable end-user types and operational advantages, but without getting into the pros and cons let’s do a quick overview.    

• P2P Exchange Marketplace Software: 

Platforms like Paxful enable peer to peer trading without advanced order types and include crypto, integrated on/off ramp services, payment processors, fiat gateways, bank and credit card transfers. 

• Centralized Derivatives Exchange Software: 

Custodial businesses offer order book trading of crypto and digital assets with market/limit orders. Exchanges like Binance equipped with tools familiar to institutional traders, charts and advanced order types like margin and futures trading. 

• Centralized Swap Platform Software: 

Custodial businesses offer “grandma friendly” interfaces and optimized user experience for investing into crypto with trusted interactions with fiat currencies. Platforms like Coinbase target mass adoption and simplify the investment experience for storing, purchasing for fiat and trading digital assets.   

• Decentralized Swap Software (DEX): 

Non-custodial peer to peer DEX Platforms like Uniswap, where users can swap crypto assets and interact with fiat using on/off ramp functionality. 

• Decentralized Derivatives Exchange Software: 

Non-custodial peer to peer order book trading with advanced order types. Exchanges like Dexilon are Web3 and enable their users to utilize advanced trading tools while retaining custody over their digital assets. 

Binance is an example of an enterprise service incorporating each platform type as a supported service and we respect their tremendous effort. Now how does Marionette fit into the picture?