- Rulematch has introduced a crypto trading platform designed exclusively for banks and securities companies.
- This Zurich-based company stands out by operating solely as a trading platform, focusing on matching buying and selling interests by reflecting the structure of traditional financial markets.
- According to the announcement, Rulematch strategically utilizes Nasdaq’s pre-existing trading risk, trading, and market surveillance technology to provide transparency and resilience.
Rulematch, led by former Credit Suisse executive David Riegelnig, has launched Bitcoin and Ethereum services for institutions!
Rulematch Introduces Private Bitcoin and Ethereum Service
In a groundbreaking move in the crypto world, Rulematch, led by former Credit Suisse executive David Riegelnig, has introduced a crypto trading platform specifically designed for banks and securities companies. Meanwhile, the platform has initiated spot trading for Bitcoin (BTC) and Ethereum (ETH), aiming to capitalize on the increasing interest of traditional financial institutions in the digital asset space.
Former Credit Suisse executive David Riegelnig has emerged with Rulematch as a crypto trading venue targeting traditional financial powerhouses in the digital asset space, focusing on significant participation from banks and securities companies outside the United States. This Zurich-based company stands out by operating solely as a trading platform, reflecting the structure of traditional financial markets to match buying and selling interests.
Meanwhile, Riegelnig pointed out the lively crypto scene in European, UK, and selected Asian markets where specific banks have entered crypto trading. Notably, Rulematch, already joined by seven banks and securities firms such as BBVA and DLT Finance, has further expansion potential with a $14 million investment support from significant players like ConsenSys Mesh, Flow Traders, and FiveT Fintech.
Significantly, as the crypto market experiences a resurgence, Rulematch is playing a key role in shaping the landscape for institutional participants, contributing to the ongoing evolution of the digital asset ecosystem.
Global Interest Reaches Its Peak
According to the announcement, Rulematch strategically utilizes Nasdaq’s pre-existing trading risk, trading, and market surveillance technology to provide transparency and resilience. The platform’s matching engine is hosted in two data centers in the Zurich metro area, and participants benefit from speeds as low as 30 microseconds in terms of execution times.
Meanwhile, Rulematch enhances capital efficiency for traders by introducing a net clearing mechanism, allowing them to trade with up to 75% less upfront liquidity compared to current trading venues. The platform’s commitment to institutional-grade liquidity provided by specific market makers such as Flow Traders and Bankhaus Scheich Wertpapierspezialist is opening the doors to a new era in institutional crypto trading.
Particularly, given the increasing regulatory challenges and other concerns in the US crypto market, Rulematch’s announcement has garnered significant interest from global investors. Meanwhile, Rulematch’s innovative approach, strategic partnerships, and contemporary technology mark a turning point in the convergence of traditional and digital asset markets.
