Credit Suisse’s ex-executive introduces pioneering crypto marketplace catering exclusively to financial institutions

A new cryptocurrency trading platform called Rulematch has been launched by former Credit Suisse executive David Riegelnig. The platform is specifically targeting banks and securities firms. Rulematch, based in Zurich, offers trading services with Bitcoin (BTC) and Ethereum (ETH) in various regions, including the European Union, the U.K., and Singapore. The company has raised $14 million from backers such as ConsenSys Mesh, Flow Traders, and FiveT Fintech. Rulematch currently provides 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 noted that there is a “vibrant scene” in Europe, the U.K., and certain Asian markets that is often overlooked. Riegelnig previously worked at Credit Suisse and Bitcoin Suisse before launching Rulematch.