FinanceFeeds Exclusive: How Match2Pay Built a Secure Crypto Payments Ecosystem from the Ground Up
FinanceFeeds is excited to announce an exclusive interview with Andrey Kalashnikov, Head of Match2Pay, conducted at the Forex Expo Dubai 2025. In this discussion, Kalashnikov explains how Match2Pay built its entire crypto payments infrastructure in-house, the company’s uncompromising focus on security and transparency, and its plans to bring scalable, cost-efficient crypto answers to brokers and beyond.
Match2Pay, part of the Match-Trade Group, is a crypto payment gateway that enables brokers, prop trading firms, and iGaming companies to accept and manage cryptocurrency payments securely and efficiently. The platform combines custodial and non-custodial payment processing, dedicated blockchain nodes, and comprehensive transaction management tools designed for seamless crypto-to-fiat conversions — all developed internally — to provide full control, transparency, and reliability to clients.
In the interview, Kalashnikov discusses how building everything in-house has allowed Match2Pay to eliminate dependency on third parties, minimize operational risks, and create one of the industry’s most secure crypto processing ecosystems. He also outlines the company’s expansion across new verticals, its transparent pricing model, and its broader mission to educate businesses on the true benefits of crypto adoption.
Building Technology and Trust In-House
From day one, Match2Pay has taken a self-reliant approach to technology — an extension of Match-Trade’s philosophy of full-stack development. “The decision was relatively simple,” Kalashnikov said. “Everything was built in-house already within Match-Trade Technologies, so it was a no-brainer to continue the identical method. We want to give our clients security, reliability, and adaptability.”
That decision has paid off. By maintaining full control over its systems, Match2Pay holds its own Secret keys and manages its own wallets, giving clients confidence that their assets are protected. “We didn’t want to rely on any third-party provider like Fireblocks,” he explained. “Our clients trust us because we’ve been in the market for more than ten years, and we want to give them that security.”
Originally developed for internal clients, Match2Pay evolved into a standalone product as demand grew. “It was developed for our own companies and internal clients,” said Kalashnikov. “Only in the last two or three years did we begin marketing it externally and offering it to clients beyond our own ecosystem.”
Security as the Core of the Product
In an increasingly crowded field of crypto PSPs, Kalashnikov views security as Match2Pay’s defining strength. “Competition is very fierce. The products are similar, but the number one thing that sets us apart is security,” he said. “Because we have our own infrastructure, we’re not relying on external custodians like Fireblocks or BitGo, and we can easily adapt our systems when needed.”
The company recently rolled out new layers of protection against internal and external fraud. “We launched a lot of security updates,” Kalashnikov noted. “We can control fraud on withdrawals by setting thresholds, double confirmations, and timing restrictions. For example, a merchant can block repeated withdrawals to the identical wallet every five minutes or more.”
This emphasis on security, he said, goes beyond compliance checkboxes — it’s a philosophy that defines how the company builds and operates. “A lot of our competitors are providing crypto answers but not focusing enough on security,” he explained. “That’s where we’ve solved a large difficulty.”
Expanding from Forex to Prop Firms and iGaming
Match2Pay’s first clients came from the Forex industry, where Match-Trade already had a deep footprint. “We begined from Forex because it’s our ballpark,” Kalashnikov said. “The clientele there is more familiar with crypto, and the synergy between the two industries is strong.”
As the platform matured, Match2Pay began expanding into prop trading and iGaming, two verticals that share similar payment dynamics and operational needs. “We already have iGaming clients, though not as many as in Forex and props,” he said. “Next, we plan to expand more into e-commerce. We’ve developed a WooCommerce plugin and similar tools, so we’re preparing for that step.”
Kalashnikov emphasized that this gradual expansion reflects the company’s long-term strategy. “Right now we’re focused on the high-risk industry because that’s where we have expertise,” he said. “But we’ll expand to other sectors in due time. We don’t want to rush — we want sustainable growth.”
Transparency and One-to-One Conversion
In an industry often criticized for hidden costs, Match2Pay takes the opposite approach. “One of our great advantages is that everything is done in-house,” Kalashnikov said. “We have our own liquidity, so we offer one-to-one conversion on USDT and other cryptocurrencies — no markups, no hidden costs.”
He explained that many competitors rely on external platforms or custodians and quietly mark up conversion rates. “Many PSPs say they use market rates, but they actually set their own, adding hidden markups of 0.2 to 0.5 percent,” he said. “We don’t need that. We make our money from processing, not from conversions.”
This level of transparency, he added, simplifies accounting and builds long-term trust. “When you receive 100 USDT, you know exactly what you’ll get later than fees — no surprises,” Kalashnikov said. “It’s easier for the accounting team and better for the client relationship.”
Educating the Market on Crypto’s Real Value
For many of Match2Pay’s clients, crypto payments are still a new frontier. Kalashnikov said that part of his mission is to assist businesses understand that crypto is not a speculative risk, but a practical efficiency tool. “All this talk that crypto is risky is nonsense,” he said. “It’s an alternative answer to reduce fees and make business more efficient.”
He pointed out that simply introducing crypto payment options can reduce merchant costs dramatically. “If you’re using Visa or Mastercard, you’re paying between 2–6% in fees,” he explained. “With crypto, even if you’re high risk, the costs drop dramatically. Just by offering it, around 10–20% of your clients will switch automatically.”
According to Kalashnikov, these advantages — lower costs, quicker settlements, and global reach — are what will drive mainstream adoption. “There’s no reason for a business not to accept crypto unless regulations forbid it,” he said. “If there’s no restriction, there’s only upside.”
A Technology Provider for the Long Term
Looking ahead, Kalashnikov envisions Match2Pay as part of a larger fintech infrastructure ecosystem rather than a niche crypto gateway. “We’re not just a crypto processor — we’re a technology provider,” he said. “Everything we build is designed to scale across industries.”
That mindset extends to the company’s development roadmap. “We’re steadily preparing for new verticals like e-commerce” he said. “But we don’t make sudden moves — we grow sustainably, with security and technology leading the way.”
For Kalashnikov, the company’s philosophy remains simple yet powerful: control your technology, protect your clients, and keep everything transparent. “We’re not trying to beat the competition with pricing tricks,” he said. “We’re building the right foundation for long-term success.”
