Former Credit Suisse Exec Revolutionizes Crypto Trading With BTC & ETH Spot Launch

In a groundbreaking move within the crypto landscape, Rulematch, spearheaded by former Credit Suisse executive David Riegelnig, has unveiled a crypto trading platform tailored exclusively for banks and securities firms. Meanwhile, the platform has commenced Bitcoin (BTC) and Ethereum (ETH) spot trading against USD, aiming to capitalize on the growing interest of traditional financial institutions in the digital asset arena.

Rulematch’s Focus On Institutional Crypto Trading

Rulematch, led by the ex-Credit Suisse executive David Riegelnig, has emerged as a crypto trading venue targeting traditional financial powerhouses, focusing on the considerable participation of banks and securities firms outside the U.S. in the digital asset realm. The Zurich-based startup sets itself apart by operating solely as a trading platform, concentrating on matching buying and selling interests, mirroring the structure of traditional financial markets.

Meanwhile, Riegelnig highlighted the vibrant crypto scene in Europe, the UK, and select Asian markets, where certain banks have ventured into crypto trading. Notably, with seven banks and securities firms already on board, including BBVA and DLT Finance, Rulematch is poised for further expansion, backed by $14 million in investments from key players such as ConsenSys Mesh, Flow Traders, and FiveT Fintech.

Notably, as the crypto market experiences a resurgence, Rulematch stands as a key player, reshaping the landscape for institutional participants and contributing to the ongoing evolution of the digital asset ecosystem.

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Global Interest Peaks

According to the announcement, Rulematch strategically leverages Nasdaq’s pre-trade risk, trading, and market surveillance technology to ensure transparency and resilience in its operations. The platform’s matching engine, hosted in two data centers in the Zurich metro area, offers unparalleled speed, with participants benefiting from execution times as low as 30 microseconds.

Meanwhile, by introducing a net settlement mechanism, Rulematch enhances capital efficiency for traders, allowing them to trade with up to 75% less upfront liquidity compared to existing trading venues. The platform’s commitment to institutional-grade liquidity, provided by designated market makers like Flow Traders and Bankhaus Scheich Wertpapierspezialist, sets the stage for a new era in institutional crypto trading.

Notably, amid the growing regulatory challenges and other concerns in the U.S. crypto market, Rulematch’s announcement gained notable traction from global investors. Meanwhile, Rulematch’s innovative approach, coupled with its strategic partnerships and cutting-edge technology, signals a pivotal moment in the convergence of traditional and digital asset markets.

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