Quadra and Copper launch Coinmatch 29 August 2025Global Reporter: Hansa Tote
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Quadra, a digital asset infrastructure firm, and Copper have launched Coinmatch 鈥� a multi-dealer request for quote (RFQ) platform for over-the-counter (OTC) trading.
The Coinmatch platform is powered by Copper, and supports both options and futures while streamlining execution and post-trade workflows.
It operates as a neutral infrastructure, working with the dealer community to help reduce manual touchpoints with integrated collateral management and settlement via Copper鈥檚 infrastructure.
Pedro Birmann, CEO at Quadra, states: 鈥淒erivatives markets thrive when there is price competition, workflow automation, and trust in the infrastructure.
鈥淲ith Coinmatch, we strive to deliver all three 鈥� while respecting the role of market makers and the need for scalable, non-conflicted execution.鈥�
Amar Kuchinard, global CEO at Copper, adds: "We鈥檙e excited to power Coinmatch, a multi-dealer RFQ platform purpose-built for trading crypto derivatives that's integrated with Copper's collateral and settlement solutions.
鈥淭his marks an exciting new era of efficiency and innovation for institutional crypto trading."
STS Digital, an institutional digital asset trading firm which specialises in OTC trading, will act as a leading market maker on the platform.
Maxime Seiler, CEO at STS Digital, says Coinmatch is "an important step forward for institutional trading infrastructure鈥�, and 鈥減rovides a clean, efficient way for both counterparties to engage鈥�.
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