Crypto News – Rulematch, helmed by former Credit Suisse executive David Riegelnig, has introduced a crypto trading platform designed solely for banks and securities firms, marking a revolutionary step in the cryptocurrency space.
Ex-Credit Suisse Exec Riegelnig Brings a Revolutionary Innovation to Crypto Trading
Rulematch continues to be a major actor in the ongoing expansion of the digital asset ecosystem and is changing the game for institutional players as the cryptocurrency market recovers. With the intention of profiting from the increasing interest of conventional financial institutions in the world of digital assets, the platform has started spot trading Bitcoin (BTC) and Ethereum (ETH) against the US dollar.
With an emphasis on the significant involvement of banks and securities firms outside of the United States in the world of digital assets, Rulematch has evolved as a crypto trading arena aimed at traditional financial powerhouses. By functioning exclusively as a trading platform and focusing on matching purchasing and selling interests, the Zurich-based firm distinguishes itself by imitating the structure of conventional financial markets.
Rulematch Receives $14 Million Investment
As several banks have entered the cryptocurrency trading space, Riegelnig emphasized the thriving cryptocurrency scenes in Europe, the UK, and a few Asian markets. ConsenSys Mesh, Flow Traders, FiveT Fintech, and other major businesses have invested $14 million in Rulematch, which is primed for future growth. Seven banks and securities firms, including BBVA and DLT Finance, have already signed on.
As per the statement, Rulematch employs a strategic approach to utilize Nasdaq’s pre-trade risk, trading, and market surveillance technology in order to guarantee operational transparency and resilience. With execution durations as quick as 30 microseconds, the platform’s matching engine, housed in two data centers in the Zurich metro area, offers unmatched speed to users.
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