Crossover Markets: Pioneering Innovation in the Crypto Trading Sphere
June 27, 2024, 3:35 pm
Location: United States, New York
Employees: 11-50
Founded date: 2022
Total raised: $12M
In a recent development that has sent ripples through the digital asset technology landscape, Crossover Markets, a prominent London-based firm, has successfully secured a substantial $12 million in Series A funding. This funding round, spearheaded by Illuminate Financial and DRW Venture Capital, has also seen the enthusiastic participation of several other key industry players, including Flow Traders, Laser Digital, Two Sigma, Wintermute, and a host of retail brokers such as Exness, Gate.io, GMO, Pepperstone, Trademax, and Think Markets.
The infusion of this significant capital injection is set to propel Crossover Markets to new heights, as the company strategically plans to channel these funds towards bolstering its team and enhancing its cutting-edge technology infrastructure. Under the astute leadership of CEO Brandon Mulvihill, Crossover Markets has carved a niche for itself in the digital asset trading realm, with a keen focus on meeting the liquidity requirements of institutional clients operating within the dynamic cryptocurrency markets.
At the heart of Crossover Markets' operations lies its revolutionary execution-only platform, CROSSx, which stands as a testament to the company's commitment to innovation and excellence. Powered by an advanced matching engine and equipped with sophisticated order logic capabilities, CROSSx empowers clients to make informed decisions and select their preferred trading partners with precision and efficiency.
The company's recent performance metrics speak volumes about its growing influence and market presence, with over $3.15 billion in notional trading value, 415,450 trades, and a staggering 141 billion quotes processed on CROSSx in the first quarter of 2024 alone. These impressive figures underscore Crossover Markets' position as a formidable player in the ever-evolving landscape of crypto trading.
Furthermore, the addition of esteemed industry veterans such as Mark Beeston, Founder and Managing Partner of Illuminate Financial, and Kevin Wolf, CFO at American Financial Exchange and former CEO of Euronext FX, to Crossover's board of directors heralds a new chapter of growth and strategic direction for the company. With a diverse and experienced leadership team at the helm, Crossover Markets is poised to navigate the complexities of the digital asset market with agility and foresight.
As the crypto trading landscape continues to evolve and expand, Crossover Markets stands out as a beacon of innovation and excellence, driving forward the boundaries of what is possible in the realm of digital asset technology. With a steadfast commitment to delivering value to its clients and stakeholders, Crossover Markets is well-positioned to chart a course towards sustained growth and success in the competitive world of cryptocurrency trading.
The infusion of this significant capital injection is set to propel Crossover Markets to new heights, as the company strategically plans to channel these funds towards bolstering its team and enhancing its cutting-edge technology infrastructure. Under the astute leadership of CEO Brandon Mulvihill, Crossover Markets has carved a niche for itself in the digital asset trading realm, with a keen focus on meeting the liquidity requirements of institutional clients operating within the dynamic cryptocurrency markets.
At the heart of Crossover Markets' operations lies its revolutionary execution-only platform, CROSSx, which stands as a testament to the company's commitment to innovation and excellence. Powered by an advanced matching engine and equipped with sophisticated order logic capabilities, CROSSx empowers clients to make informed decisions and select their preferred trading partners with precision and efficiency.
The company's recent performance metrics speak volumes about its growing influence and market presence, with over $3.15 billion in notional trading value, 415,450 trades, and a staggering 141 billion quotes processed on CROSSx in the first quarter of 2024 alone. These impressive figures underscore Crossover Markets' position as a formidable player in the ever-evolving landscape of crypto trading.
Furthermore, the addition of esteemed industry veterans such as Mark Beeston, Founder and Managing Partner of Illuminate Financial, and Kevin Wolf, CFO at American Financial Exchange and former CEO of Euronext FX, to Crossover's board of directors heralds a new chapter of growth and strategic direction for the company. With a diverse and experienced leadership team at the helm, Crossover Markets is poised to navigate the complexities of the digital asset market with agility and foresight.
As the crypto trading landscape continues to evolve and expand, Crossover Markets stands out as a beacon of innovation and excellence, driving forward the boundaries of what is possible in the realm of digital asset technology. With a steadfast commitment to delivering value to its clients and stakeholders, Crossover Markets is well-positioned to chart a course towards sustained growth and success in the competitive world of cryptocurrency trading.