A newly established cryptocurrency exchange in Switzerland will serve banks and securities firms, including banking giant BBVA.
Rulematch will provide spot trading services for Bitcoin (BTC) and Ethereum (ETH) to a group of institutional clients.
The exchange will receive custody services for cryptocurrencies from Metaco, which is also the Swiss center. Rulematch also pre-transaction risk controls It will use Nasdaq’s technology for
According to the press release, Rulematch aims to offer its corporate customers the same style of services they are used to, such as post-transaction reconciliation service.
Rulematch CEO David Riegelnig said: “The spot crypto market is dominated by actors who do not actually meet the advanced needs of regulated participants. “The fact that these so-called crypto exchanges generally combine different features, which makes them brokers rather than exchanges, is what led us to found Rulematch.” said.