Case Study
Praizex: Nigeria’s All-in-One Crypto Suite
Praizex is a centralized exchange focused on the Nigerian market. It streamlines crypto-to-fiat conversions and helps newcomers protect savings by holding naira in USD-pegged stablecoins. The platform combines onboarding, wallets, and trading into a single, approachable experience.
Feature Highlights
Crypto ↔ Fiat Conversion
Seamless on-ramp and off-ramp between popular crypto assets and Nigerian naira with clear pricing, fees, and settlement flows.
Dollar Savings in Stablecoins
Onboards non-crypto users by letting them save naira in USD-pegged stablecoins to hedge inflation with simple deposits and withdrawals.
Unified Trading Suite
A focused trading experience combining portfolio view, order management, and integrated wallets to reduce friction for everyday users.
Localized UX
Interfaces, limits, and flows designed for Nigeria-first usage patterns, including bank rails and guided onboarding for newcomers.
Technologies Used
Next.js
Node.js
TypeScript
Tailwind CSS
PostgreSQL
Framer MotionUse Cases
- • Instantly convert crypto to naira for local spending.
- • Preserve purchasing power by saving naira in USD stablecoins.
- • Help first-time users start with guided onboarding and simple flows.
- • Support merchants and teams with predictable stablecoin payouts.
Challenges & Learnings
Custom Multi-Chain Wallet System
Engineering secure wallets with multiple derivation paths and chain abstractions to support varying address formats and signing flows.
Regulatory and Compliance Readiness
Designing exchange components with strict KYC/AML, limits, and auditability to operate responsibly within a changing regulatory landscape.
Liquidity and Settlement Reliability
Maintaining consistent liquidity for volatile pairs and ensuring reliable fiat settlement across banking cutoffs and network conditions.