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New Crypto Exchange for Financial Giants and the Rise of BONK on Solana and Coinbase
- Former Credit Suisse executive, David Riegelnig, launches Rulematch, a crypto exchange exclusively catering to banks and securities firms.
- BONK, the meme coin on Solana, experiences a 40% surge post-listing on Coinbase.
- Launched in December 2021, BONK defies its meme coin origins within the thriving Solana ecosystem.
Rulematch, a recently inaugurated crypto trading platform, enters the market under the guidance of founder David Riegelnig. Drawing from his background as a former private banking executive at Credit Suisse, Riegelnig has spearheaded Rulematch with a clear objective: to cater exclusively to banks and securities firms.
In its initial phase, reports have shown that Rulematch is focusing on facilitating the trade of two prominent cryptocurrencies—Bitcoin and Ether. Notably, the platform is not limited to a specific geographical location. It is accessible to clients across the European Union, the United Kingdom, and Singapore. Rulematch has garnered substantial financial backing, securing $14 million in funding from key investors, including ConsenSys Mesh, Flow Traders, and FiveT Fintech.
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BONK Rides Solana Blockchain to Coinbase Stardom
Shifting our focus to the dynamic realm of cryptocurrency, BONK, a meme coin, has recently gained prominence. A standout moment for BONK was its remarkable 40% surge in value subsequent to its listing on the Coinbase platform.
Coinbase’s reputation for meticulous token selection has once again influenced the crypto landscape. BONK’s debut on Coinbase not only validated its standing but also triggered a substantial surge in its market value. Post-listing, BONK proudly traded at $0.000014, with a notable trading volume reaching $235 million.
BONK’s Unique Journey on Solana
Launched in December 2021, BONK embarked on a distinctive journey within the Solana ecosystem. Initially perceived as a meme coin, BONK defied expectations and seamlessly integrated into the Solana landscape.
Solana, experiencing a remarkable surge in market capitalization from $50 million to an impressive $800 million since October, has played a pivotal role in shaping BONK’s trajectory. This success not only enhances BONK’s appeal but positions it favorably for attracting investors.
BONK has found utility within the Solana ecosystem, particularly in NFT payments. Its adoption by various Solana projects for NFT events, coupled with “burn” mechanisms, has significantly boosted its popularity. Behind BONK’s success is a collaborative team of 22 individuals with a proven track record in building decentralized applications and NFTs on the Solana blockchain.
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