Revolutionizing Institutional Liquidity with $12M Funding
Are you ready for a transformation in digital asset trading technology? Crossover Markets, a leading firm focusing on institutional liquidity needs, has recently secured an impressive $12 million in a Series A funding round. This significant milestone was made possible thanks to Illuminate Financial and DRW Venture Capital.
Expanding Team and Enhancing Trading Platform
- Crossover Markets plans to use the newly acquired funding to:
- Expand its team
- Develop its execution-only electronic communication network, CROSSx
- Introduce 24/7 trading to additional asset classes
This announcement was made in a statement released on Wednesday, outlining the company’s strategic plans for the future. The co-founder and CEO, Brandon Mulvihill, expressed his excitement about the evolving institutional market structure in digital assets.
Strategic Partnerships for Success
- The funding round was led by:
- Illuminate Financial
- DRW Venture Capital
Illuminate Financial’s founder, Mark Beeston, will join Crossover’s board, bringing valuable expertise to the table. The company’s vision is aligned with the shifting landscape of institutional-grade digital assets infrastructure.
Crossover’s mission is to provide best-in-class execution capabilities to meet the immediate and long-term needs of financial institutions looking to trade digital assets. With a future-proof 24/7 low latency infrastructure, Crossover is ready to deliver on its promise of excellence and reliability.
Leading the Way in Digital Assets Trading
- In Q1, Crossover Markets reported:
- Facilitating over $3.15 billion in notional trading value
- Handling 415,450 trades
- Processing more than 141 billion quotes on CROSSx
Crossover’s platform, CROSSx, is designed to be one of the fastest and highest-performing venues across all asset classes. By prioritizing 24/7 trading, price precision, and size precision, Crossover is setting new standards in the industry.
Joining Forces for Success
- Crossover’s strategic investors include:
- Flow Traders
- Laser Digital
- Two Sigma
- Wintermute
- Exness
- Gate.io
- GMO
- Pepperstone
- Trademax
- Think Markets
With a solid backing from various industry leaders and experts, Crossover Markets is poised for further growth and success in the digital asset trading space.
Hot Take: Embracing Innovation in Digital Asset Trading
Are you excited about the future of digital asset trading? With a fresh $12 million in funding, Crossover Markets is on a mission to revolutionize institutional liquidity and enhance the trading experience for financial institutions. By prioritizing innovation, technology, and strategic partnerships, Crossover is paving the way for a new era in digital asset trading. Stay tuned for more updates and developments as Crossover continues to lead the industry towards a future of excellence and reliability.
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