Today Zurich-based RULEMATCH launched its crypto trading venue targeting banks and securities firms. Seven institutions are using the platform at launch including BBVA, DLT Finance and one of the Swiss cantonal banks. Initially it supports trading of Bitcoin and ETH against dollars.
RULEMATCH purely provides the venue and is not a principal in any transactions. One of its backers, Flow Traders, is amongst the market makers on the platform as is Bankhaus Scheich.
“By being there as day one market maker, we can provide the institutional grade liquidity desired by financial institutions to support the adoption of digital assets and contribute to improving the broader financial ecosystem,” said Michael Lie, Flow Traders Global Head of Digital Assets.
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