Rulematch, a Swiss-based crypto exchange for banks, has recently launched an onboard with Spain’s BBVA and six other banks and securities firms. The platform, which uses Nasdaq’s trading technology, aims to provide a regulated and secure environment for institutional investors to trade cryptocurrencies. Initially, Rulematch will offer trading in bitcoin (BTC) and ether (ETH) against dollars.
Rulematch’s launch comes at a time when many banks and institutional investors are showing increasing interest in cryptocurrencies. However, these investors often face challenges when it comes to regulatory compliance and market operations. Rulematch aims to address these issues by providing a platform that meets the high requirements of a regulated participant and offers a level of transparency and security that is lacking in many existing crypto exchanges.
As the first regulated crypto exchange for banks, Rulematch is poised to play a significant role in the institutional adoption of cryptocurrencies. By providing a secure and compliant platform for trading, Rulematch could help to bridge the gap between traditional finance and the world of digital assets.
- Rulematch, a Swiss-based crypto exchange for banks, has launched with Spain’s BBVA and six other banks and securities firms onboard.
- The platform aims to provide a regulated and secure environment for institutional investors to trade cryptocurrencies.
- Rulematch is the first regulated crypto exchange for banks and could help to bridge the gap between traditional finance and the world of digital assets.
Overview of Rulematch Launch
Rulematch, a Swiss Crypto Exchange for Banks, has recently launched with Spain’s BBVA as one of its prominent partners. The platform is designed to provide institutional participants with an anonymous central-limit-order book with 30 microseconds execution times as well as integrated crypto custody technology.
Partnership with BBVA and Market Impact
BBVA, one of the largest banks in Spain, has joined Rulematch as a partner in its launch. This move by BBVA is seen as a significant step towards the mainstream adoption of cryptocurrencies. The partnership has created a positive impact on the market, with other banks and institutional participants showing interest in the platform.
Technological Infrastructure and Crypto Custody Tech
Rulematch’s technological infrastructure is built on Nasdaq technology, which provides the platform with a robust and reliable trading engine. The platform also features integrated crypto custody technology that ensures the safe storage of digital assets.
The platform is being used by several banks and securities firms, including Germany’s DLT Finance and one of the Swiss cantonal banks. Initially, it supported trading of Bitcoin and ETH against dollars. Rulematch purely provides the venue and is not a principal in the trades.
Overall, Rulematch’s launch is a significant development in the institutional crypto trading space. The platform’s focus is on providing institutional participants with an anonymous and secure trading experience. The Integrated crypto custody technology is expected to attract banks and securities firms to the platform.
Regulatory Compliance and Market Operations
Adhering to Global Financial Regulations
Rulematch, the Swiss crypto exchange for banks, has placed a great emphasis on regulatory compliance. The platform adheres to global financial regulations, including those set by the Financial Action Task Force (FATF) and the Organisation for Economic Co-operation and Development (OECD). Rulematch also complies with regulations set by the European Union, the United Kingdom, and Singapore.
To ensure compliance, Rulematch has implemented strict Know Your Customer (KYC) and Anti-Money Laundering (AML) policies. These policies require users to provide detailed personal information and undergo a thorough background. It checks before they can trade on the platform. Rulematch also conducts ongoing monitoring of user activity to detect and prevent any suspicious or fraudulent behavior.
Trade Matching and Post-Trade Settlement
Rulematch utilizes Nasdaq’s technology for trade matching and post-trade settlement. Rulematch’s trade matching system matches buy and sell orders based on price, quantity, and other relevant factors.
Additionally, the site provides a variety of transaction choices, such as settlements with cash and cryptocurrencies.
Overall, Rulematch’s focus is on regulatory compliance and market operations. It ensures the platform is a safe and reliable option for institutional crypto trading.