A Former Credit Suisse Executive Launches Crypto Trading Platform for Banks and Securities Firms
A new crypto trading platform called “Rulematch” has been introduced by David Riegelnig, a former executive at Credit Suisse. Unlike other platforms, Rulematch specifically targets banks and securities firms. The Zurich-based trading firm currently offers trading services with Bitcoin (BTC) and Ethereum (ETH) in various regions including most of the European Union, the U.K., and Singapore. However, it is uncertain whether the firm plans to expand its crypto offerings beyond these cryptocurrencies.
Riegelnig revealed that Rulematch has already raised $14 million from backers such as ConsenSys Mesh, Flow Traders, and FiveT Fintech. The firm is also in the process of raising another round. Currently, Rulematch provides Nasdaq-built crypto services to seven banks and securities firms, including Banco Bilbao Vizcaya Argentaria and DLT Finance. Riegelnig acknowledged that global financial institutions typically do not engage in crypto trading but highlighted the vibrant scene in Europe, the U.K., and certain Asian markets that are often overlooked.
After leaving Credit Suisse, Riegelnig joined Bitcoin Suisse as the head of risk management. He has previously worked as an IT auditor, held risk control functions, and pursued entrepreneurial ventures.
Hot Take: Former Credit Suisse Executive Launches Exclusive Crypto Trading Platform for Financial Institutions
David Riegelnig, a former executive at Credit Suisse, has unveiled Rulematch—a unique crypto trading platform exclusively catering to banks and securities firms. With its focus on providing services for Bitcoin (BTC) and Ethereum (ETH), Rulematch aims to serve financial institutions across Europe, the U.K., and select Asian markets. Despite the general hesitance of global financial institutions towards crypto trading, Riegelnig believes that there is a vibrant scene in these regions that often goes unnoticed. With $14 million raised from notable backers, Rulematch is already making waves in the industry and is poised to expand its offerings in the future.
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