Ex-Credit Suisse Executive Launches Crypto Trading Platform for Banks

• Former Credit Suisse executive David Riegelnig launched a crypto trading platform for banks and securities firms. 
• The platform, called Rulematch, has begun trading in Bitcoin and Ethereum and already has seven clients in its portfolio. 
• Rulematch, unlike other crypto exchange platforms, is a pure trading platform that matches buyers’ and sellers’ interests.

David Riegelnig, a former Credit Suisse AG private banking executive, has launched a cryptocurrency trading platform aimed at banks and securities firms, Bloomberg reported Thursday. The report stated the move is a strategic effort to capitalize on the increasing interest in digital assets from traditional financial institutions outside the United States. 

Indeed, Riegelnig, in 2015, departed Credit Suisse to work on the Zurich-based startup Rulematch. Prior to this exit, the executive served as head of operational risk in private banking. 

According to the report, Rulematch offers a crypto trading platform for financial institutions only. Furthermore, the company, which has begun trading in Bitcoin and Ethereum, has added some financial institutions to its ranks. However, company executives noted the…

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