A former executive from Credit Suisse, David Riegelnig, has launched a new startup called Rulematch. The Zurich-based company aims to provide a customized cryptocurrency trading platform for banks and securities firms. Rulematch has already begun offering Bitcoin and Ether spot trading against USD to clients in various European countries, the UK, and Singapore. Unlike other exchanges, Rulematch solely focuses on being a trading platform and does not offer custody services. Riegelnig believes that there is a market for financial institutions to enter the crypto space, and Rulematch has already raised $14 million from investors. The startup uses Nasdaq-developed software for trade matching, risk monitoring, and identifying market abuse. Market makers such as Flow Traders and Bankhaus Scheich Wertpapierspezialist provide liquidity for Rulematch's participants. The platform also allows for multilateral net settlement, reducing the upfront liquidity required for trading. Rulematch has partnered with Luzerner Kantonalbank AG to handle participants' fiat funds as collateral.
Залишайтеся на зв'язку
Підпишіться на нашу розсилку та отримуйте інформацію про вихід нових статей, інформацію про ексклюзивні знижки та інше
Або підпишіться на наш Telegram, щоб завжди бути в курсі наших новин.