a year ago

Crossover Markets Secures $12 Million Series A Funding to Boost Digital Asset Trading Technology

  • Crossover Markets, a London-based digital asset technology firm, raised $12 million in Series A funding led by Illuminate Financial and DRW Venture Capital

  • The round also included participation from Flow Traders, Laser Digital, Two Sigma, Wintermute, and retail brokers such as Exness, Gate.io, GMO, Pepperstone, Trademax, and Think Markets

  • Crossover Markets intends to use the funds to invest in its team and technology, further strengthening its position in the market

  • The company's execution-only cryptocurrency Electronic Communication Network (ECN), CROSSx, is empowered by an advanced matching engine and includes order logic that enables clients to choose with whom they want to trade

  • Crossover Markets recently reported over $3.15 billion (USD) in notional trading value, 415,450 trades, and over 141 billion quotes processed on CROSSx in Q1 2024.

      • ProblemTechnology

      "enabling institutions to meet liquidity requirements in cryptocurrency markets"

      Solution

      "providing a digital asset trading technology firm with a execution-only cryptocurrency Electronic Communication Network (ECN), empowering clients to choose with whom they want to trade"

      Covered on