Ethereum

Flow

David

Bitcoin

Read

<div class="cryptonews">
 <p class="is-style-lead">A former <a rel="noopener noreferrer nofollow" title="executive" href="https://thebittimes.com/tag/executive.html">executive</a> at Credit Suisse has rolled out a new <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> trading platform, targeting <a rel="noopener noreferrer nofollow" title="banks" href="https://thebittimes.com/tag/banks.html">banks</a> and securities firms only.</p>
 <p>David Riegelnig, who held several senior management positions at Credit Suisse until 2015, is now making a bet on cryptocurrencies with his new venture dubbed “Rulematch,” a crypto trading venue aimed at banks only.</p>
 <p>According to a report from Bloomberg, the Zurich-based trading firm is offering trading services with Bitcoin (BTC) and Ethereum (ETH) in most of the European Union, the U.K. and Singapore. It’s unclear if the firm plans to expand its crypto offerings.</p>
 <p>In commentary to Bloomberg, the firm’s executive said Rulematch has raised a total of $14 million so far from such backers as ConsenSys Mesh, Flow Traders and FiveT Fintech. As of press time, the firm is also in the process of raising another round, the report says.</p>
 <div class="cn-block-related-link">
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"><use xlink:href="#"></use>
  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> Swiss arm of BBVA bank taps Ripple-owned Metaco for crypto custody
 </div>
 <p>Rulematch offers Nasdaq-built <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> services to only seven <a rel="noopener noreferrer nofollow" title="banks" href="https://thebittimes.com/tag/banks.html">banks</a> and securities firms so far, including Banco Bilbao Vizcaya Argentaria and DLT Finance, Riegelnig told Bloomberg. Although Riegelnig admitted that global financial institutions usually do not engage in <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> trading, he pointed out that the firm has “quite a vibrant scene” in Europe, the U.K. and certain Asian markets where, a group “which is sometimes overlooked.”</p>
 <p>After leaving Credit Suisse, Riegelnig joined Bitcoin Suisse, a Swiss crypto custodian, as a head of risk management. Prior to Credit Suisse and Bitcoin Suisse, Riegelnig worked as an IT auditor, headed first and second line risk control functions, and later became an entrepreneur.</p>
 <div class="cn-block-related-link">
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"><use xlink:href="#"></use>
  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> Swiss city to accept tax and services payments in Bitcoin, Tether
 </div> <span class="google-news-banner__label">Follow Us on Google News</span>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/former-credit-suisse-executive-unveils-crypto-marketplace-for-banks-tbt73667.html">https://thebittimes.com/former-credit-suisse-executive-unveils-crypto-marketplace-for-banks-tbt73667.html</a></p>

Former Credit Suisse executive unveils crypto marketplace for banks

TheBitTimes

Other articles published on Dec 14, 2023

Just In: Valkyrie Files Fourth Amendment for Bitcoin ETF Launch

Rebel Satoshi, Celestia, and Cardano in the spotlight

FTX bankruptcy Judge shortens users’ funds recovery deadline

Janet Yellen still striving to mend US-China relationship

Gold Climbs 1.5% As US Dollar Weakens & Treasury Yields Fall

Best Crypto to Buy Now December 14 – BONK, Injective, Helium

Join our free newsletter for daily crypto updates!