Rulematch, a Swiss Crypto Exchange for Banks, Goes Live With Spain’s BBVA Among Its Clients

In a bid to cater to the growing institutional interest in crypto trading, Rulematch, a Swiss cryptocurrency exchange for banks, has gone live with Spain’s BBVA as its client. The exchange, which utilizes Nasdaq’s trading technology, has managed to onboard seven banks and large securities firms, offering services such as bitcoin and ether spot trading against the dollar for institutional participants. The platform aims to provide a regulated and compliant environment for institutional investors, with features like pre-trade risk checks, trade matching, and market surveillance provided by Nasdaq, as well as crypto custody technology from Switzerland’s Metaco. With stringent due diligence and a focus on meeting regulatory requirements, Rulematch is set to pave the way for institutional-grade crypto trading.

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Overview

Introduction to Rulematch

Rulematch is a Swiss crypto exchange that caters specifically to banks and institutional participants. It recently launched with the support of Nasdaq’s trading technology and has already secured partnerships with several major financial institutions. In this article, we will explore the features and functionality of Rulematch, its partnerships and clients, as well as its potential impact on the crypto market.

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Background

The Rise of Crypto Trading

Crypto trading has seen significant growth in recent years, with more individuals and institutions getting involved in the market. The decentralized nature of cryptocurrencies and the potential for high returns have made them attractive investment opportunities.

Institutional Interest in Crypto

Traditional banks and financial institutions have also shown increasing interest in crypto trading. They recognize the potential for diversification and the demand from their clients for exposure to cryptocurrencies. However, these institutions have specific requirements and regulations that must be met to ensure compliance and security.

Regulatory Compliance

Regulatory compliance is a critical aspect of trading cryptocurrencies, especially for institutional participants. Banks and securities firms are subject to strict regulations and must ensure that they adhere to know-your-customer (KYC) and anti-money laundering (AML) requirements. Rulematch aims to address these compliance needs while providing a user-friendly platform for institutional investors to trade cryptocurrencies securely.

Rulematch Features

Crypto Spot Trading

Rulematch offers spot trading services for Bitcoin and Ethereum against the dollar. Institutional participants can buy and sell these cryptocurrencies in real-time, taking advantage of market fluctuations and liquidity.

Nasdaq Technology Integration

One of the key features of Rulematch is its integration with Nasdaq’s trading technology. This integration allows for pre-trade risk checks, trade matching, and market surveillance. Nasdaq’s robust infrastructure and experience in traditional markets provide a solid foundation for Rulematch’s platform.

Crypto Custody by Metaco

Rulematch leverages Switzerland-based Metaco’s crypto custody technology to ensure the secure storage and management of digital assets. Metaco’s solutions are designed specifically for the needs of financial institutions, providing enhanced security and compliance features.

Market Surveillance Features

To maintain a fair and orderly market, Rulematch incorporates market surveillance features. These features monitor trading activities for any potential manipulation or abusive practices, ensuring a level playing field for all participants.

Partnerships and Clients

Netherlands-based Flow Traders

One of Rulematch’s key partnerships is with Flow Traders, a Netherlands-based trading firm. Flow Traders acts as a designated market maker, providing upfront liquidity for Rulematch’s platform.

Consensys Mesh

Rulematch has also partnered with Consensys Mesh, a leader in blockchain technology solutions. Consensys Mesh’s expertise and network in the crypto industry complement Rulematch’s offerings and contribute to its growth.

FiveT Fintech (Avaloq)

FiveT Fintech, formerly known as Avaloq, is another strategic partner of Rulematch. FiveT Fintech brings its experience in financial technology and banking solutions to support Rulematch’s operations.

BBVA

Spain’s Banco Bilbao Vizcaya Argentaria (BBVA), a digital assets pioneer, is among the first clients of Rulematch. BBVA’s partnership demonstrates the confidence of established financial institutions in Rulematch’s platform.

DLT Finance

DLT Finance, a prominent financial institution in Germany, has also chosen Rulematch as its preferred crypto exchange. This partnership further strengthens Rulematch’s client base and reputation in the industry.

Other Participating Institutions

Rulematch is in discussions with several other banks and financial institutions that are interested in joining its platform. While these institutions prefer to remain anonymous at this time, their involvement demonstrates the growing interest and demand for Rulematch’s services.

Market Dominance

The Current Crypto Spot Market

At present, the crypto spot market is largely dominated by players that do not meet the high regulatory requirements of institutional participants. Many existing crypto exchanges operate as brokers rather than true exchanges, lacking the necessary compliance measures and trading functionalities.

Gaps in Regulatory Compliance

Regulatory compliance is a major concern for institutional participants in the crypto market. Given the stringent requirements imposed by regulatory bodies such as the OECD and FATF, many existing platforms fall short in meeting these standards. Rulematch aims to bridge this compliance gap by adhering to the regulatory frameworks set by jurisdictions like the European Union, the United Kingdom, and Singapore.

Rulematch’s Competitive Advantage

Rulematch’s competitive advantage lies in its focus on regulatory compliance, institutional-grade infrastructure, and partnerships with established financial institutions. By offering the familiarity and functionality of traditional finance within the crypto market, Rulematch aims to attract institutional investors looking for a secure and compliant platform.

Expansion Plans

Onboarding Process

Onboarding new clients in the financial industry involves a thorough due diligence process. Rulematch ensures that prospective clients meet the necessary compliance requirements and have a genuine interest in participating in the crypto market.

Due Diligence

Rulematch conducts extensive due diligence on potential partners and clients to ensure they meet the regulatory standards and have a robust risk management framework in place. This due diligence process safeguards the integrity of the platform and protects participants from potential risks.

Selecting Jurisdictions

When considering expansion, Rulematch carefully selects jurisdictions that align with international regulatory standards. Jurisdictions like the European Union, the United Kingdom, and Singapore are preferred for their strong regulatory frameworks and commitment to investor protection.

Future Growth Prospects

Rulematch’s future growth prospects are promising, given the increasing interest and participation of institutional investors in the crypto market. As more banks and financial institutions recognize the opportunities presented by cryptocurrencies, they are likely to seek secure platforms like Rulematch for their trading needs.

Conclusion

The Future of Rulematch

Rulematch represents a significant development in the crypto market, catering specifically to banks and institutional participants. Its focus on regulatory compliance, institutional-grade infrastructure, and partnerships with established financial institutions position it as a key player in the industry.

Impact on the Crypto Market

Rulematch’s entry into the crypto market has the potential to attract more institutional investors, thereby increasing liquidity and market participation. The platform’s emphasis on compliance and security also contributes to a more reliable and trustworthy market environment.

Benefits for Institutional Investors

By providing an institutional feel and functionality, Rulematch enables traditional banks and financial institutions to participate in the crypto market securely. This allows them to diversify their investment portfolios and meet the growing demand from their clients for exposure to cryptocurrencies.

About Rulematch

Swiss Crypto Exchange for Banks

Rulematch is a Swiss-based cryptocurrency exchange designed specifically for banks and institutional participants. Its platform offers secure and compliant spot trading services for Bitcoin and Ethereum against the dollar.

Utilizing Nasdaq’s Trading Tech

Rulematch leverages Nasdaq’s trading technology, which provides robust pre-trade risk checks, trade matching, and market surveillance features. Nasdaq’s expertise in traditional markets enhances Rulematch’s platform and ensures a seamless trading experience.

Focus on Institutional Participants

Rulematch focuses specifically on meeting the needs of institutional participants in the crypto market. By offering an institutional-grade platform with regulatory compliance measures, it aims to bridge the gap between traditional finance and the crypto industry.

Benefits for Banks

Access to Crypto Assets

Rulematch provides banks with access to cryptocurrencies like Bitcoin and Ethereum, allowing them to offer their clients exposure to these digital assets. This opens up new investment opportunities and diversification options for banks and their customers.

Institutional Feel and Functionality

Rulematch aims to replicate the familiarity and functionality of traditional finance within the crypto market. This institutional feel ensures that banks can navigate the platform with ease and confidence, contributing to a seamless trading experience.

Integration with Traditional Finance

By integrating with Nasdaq’s trading technology and partnering with established financial institutions, Rulematch strengthens its ties with the traditional finance industry. This integration bridges the gap between traditional banking and the evolving crypto market.

Future Outlook

Growing Interest in Crypto Trading

The interest and participation of institutional investors in the crypto market are expected to continue growing in the future. As cryptocurrencies become more widely accepted and regulated, banks and financial institutions will seek reliable platforms like Rulematch to facilitate their entry into this space.

Expanding Partnerships and Client Base

Rulematch plans to expand its partnerships and client base, as more banks and financial institutions recognize the value of its platform. The onboarding process, due diligence, and the selection of compliant jurisdictions will be key factors in driving this growth.

Continued Focus on Regulatory Compliance

Regulatory compliance will remain a top priority for Rulematch as the crypto market evolves. By adhering to international regulatory standards and fulfilling the requirements of institutions, Rulematch aims to maintain its position as a trusted and compliant crypto exchange for banks.

In conclusion, Rulematch’s launch as a Swiss crypto exchange for banks marks a significant milestone in the institutionalization of the crypto market. With its focus on regulatory compliance, partnerships with established financial institutions, and institutional-grade infrastructure, Rulematch has the potential to shape the future of crypto trading for banks and institutional investors.

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