Mar. 5 at 5:38 AM
🏦💰 Crossover Markets closes
$31M Series B at
$200M valuation
Led by
$TW (Tradeweb), with
$VIRT,
$XRP.X's Ripple, DRW, Wintermute & XTX Markets joining the round
Tradeweb will route institutional clients into Crossover's spot crypto liquidity via algo order-routing tech
$TW CEO Billy Hult:
"This marks Tradeweb's entry into institutional crypto, a natural next step in our multi-asset strategy. Our goal is to extend Tradeweb's electronic execution standards into crypto."
CROSSx has done
$50B+ notional across 12M trades with ~100 live participants
Execution-only ECN model, no bundled services, single-digit microsecond matching
Full article: https://liquidityfinder.com/news/crossover-markets-secures-31-million-series-b-valuing-firm-at-200-million-for-institutional-digital-asset-ecn-3099e
$TW $VIRT $XRP.X