Swiss exchange Rulematch, built on Nasdaq technology, has announced its entry into the market. It offers its clients the opportunities typically provided by traditional banks and collaborates with seven financial institutions, including Spanish digital asset pioneer Banco Bilbao Vizcaya Argentaria (BBVA) and other major organizations.
Rulematch plans to offer spot trading of cryptocurrencies #Bitcoin (BTC) and #Ethereum (ETH) against the US dollar (USD) to a limited circle of institutional participants. The platform will utilize digital asset storage technology from Metaco. Additionally, the service will conduct pre-trade risk checks based on Nasdaq technology, ensuring compliance and market regulation specifics.
Following the crash of cryptocurrency exchange #FTX, institutional investors' interest in digital asset trading significantly declined. Investors have become more cautious in their actions and only trust processes that mimic traditional financial operations, adhering to laws and market rules, emphasized the #Rulematch management.
According to the press release, Rulematch will provide its clients with access to digital asset trading on Rulematch and #Nasdaq markets. It also offers market analysis and portfolio tools, as well as digital asset storage and management services.
Collaborating with major financial institutions like #BBVA allows Rulematch to offer its clients liquidity and high-level infrastructure. This can attract new institutional investors to the digital asset market and contribute to its further development.
Rulematch actively collaborates with regulators, including cryptocurrency-friendly #Switzerland, and strives to comply with all necessary norms and rules to ensure the safety and reliability of its services. It pays special attention to pre-trade risk checks and market regulation compliance.
Overall, Rulematch's entry into the market signifies the growing interest of institutional investors in digital assets and demonstrates that the market is becoming more professional and regulated. This can contribute to the further development and adoption of digital assets in the financial industry.
