Quadra Launches Coinmatch

Coinmatch is the first multi-dealer RFQ platform for OTC trading with integrated collateral and settlement infrastructure.

London, UK — WEDNESDAY, 20 AUGUST 2025 — Quadra, a digital asset infrastructure firm focused on execution and post-trade solutions and Copper, a leader in digital asset custody, collateral management, and prime services announce the launch of Coinmatch — the first multi-dealer RFQ platform for OTC trading with integrated institution-grade collateral and settlement infrastructure. The Coinmatch platform, powered by Copper, is now live and onboarding institutional clients.

Coinmatch supports both options and futures and streamlines execution and post-trade workflows.

Built to work with the dealer community, Coinmatch operates as a neutral infrastructure —autonomously helping reduce manual touchpoints with integrated collateral management and settlement via Copper's infrastructure. By aligning the needs of both sides, Coinmatch aims to create a more efficient, transparent, and scalable market environment.

"Derivatives markets thrive when there is price competition, workflow automation, and trust in the infrastructure," said Pedro Birmann, CEO at Quadra. "With Coinmatch, we strive to deliver all three — while respecting the role of market makers and the need for scalable, non-conflicted execution."

"We're excited to power the first multi-dealer RFQ platforms to offer OTC derivatives trading with integrated collateral and settlement solutions. This marks an exciting new era of efficiency and innovation for institutional crypto trading." Amar Kuchinard, Global CEO at Copper.

As part of its launch, Coinmatch is proud to have STS Digital, a leading institutional digital asset trading firm specialising in OTC trading and market making, involved as a leading market maker on the platform.

"We're excited to be part of Coinmatch from day one — it's an important step forward for institutional trading infrastructure, and we believe it provides a clean, efficient way for both counterparties to engage," said Maxime Seiler, CEO at STS Digital Ltd.

Coinmatch is now open for early access and onboarding ahead of the broader rollout.

For early access requests, please contact: beatriz.martins@quadra.trade |Ross.Budgen@copper.co

About STS Digital:

STS Digital, which is licensed and regulated by the Bermuda Monetary Authority, is a leading digital asset trading firm specializing in OTC trading and market making for financial institutions and professional clients. The firm provides a range of digital asset services, including market making, custody, spot, structured products and derivatives trading in a wide range of digital assets. STS is committed to providing innovative solutions that enable clients to participate in the growing digital asset market.

For more information, please visit:

www.stsdigital.io@stsdigital_io

About Copper

Since being founded in 2018, Copper.co ("Copper") has been building the standard for institutional digital asset infrastructure with a focus on custody and collateral management. Underpinned by multi-award-winning technology, Copper has built a comprehensive and secure suite of products and services required to safely custody and trade digital assets. At the core of Copper's infrastructure is ClearLoop, which enables clients to manage collateral and settle trades across multiple exchanges, while mitigating counterparty risk and increasing capital efficiency.

For more information, please visit:

www.copper.coCopper.co@CopperHQ