June 26, 2024
Crossover Markets, a digital asset technology company based in London, UK, has successfully secured $12M in a Series A funding round. Illuminate Financial and DRW Venture Capital spearheaded the funding round, with contributions from Flow Traders, Laser Digital, Two Sigma, Wintermute, and various retail brokers including Exness, Gate.io, GMO, Pepperstone, Trademax, and Think Markets.
Project | Latest Raise | Latest Raise Date | Stage | Lead Investor | Category |
|---|---|---|---|---|---|
Crossover Markets | $12M | June 26, 2024 | Series A | Illuminate Financial, DRW Venture Capital | Trading |
In addition to the funding, the company announced the induction of new members to its Board of Directors. Mark Beeston, the Founder and Managing Partner of Illuminate Financial, and Kevin Wolf, the CFO at American Financial Exchange and former CEO of Euronext FX, will be joining the board of Crossover Markets.
The company plans to allocate the raised funds towards enhancing its team and technology, thereby solidifying its standing in the market.
About Crossover Markets
Crossover Markets is a digital asset technology firm based in London, UK. The company provides the world’s foremost institution-only venue for cryptocurrency trade execution. It has decoupled trade execution from custody and brokerage, focusing on providing secure and efficient cryptocurrency trade execution.
The company’s platform, CROSSx, is powered by high-performance technology and hosted in Equinix’s LD4. It is designed to meet the unique liquidity requirements of institutions in the cryptocurrency markets. CROSSx offers unrivaled speed with a sub-20 microsecond matching engine latency and throughput of millions of messages per second. This is many times faster than typical crypto exchanges, providing clients with the fastest pricing and trade executions.
Website: https://crossovermarkets.com/
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About Investor
Illuminate Financial and DRW Venture Capital spearheaded the funding round, with contributions from Flow Traders, Laser Digital, Two Sigma, Wintermute, and various retail brokers including Exness, Gate.io, GMO, Pepperstone, Trademax, and Think Markets.
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A central focus of investor activity in the cryptocurrency space is the evaluation of new crypto projects to invest in, particularly those with huge potential. This blog provides insight into what new ventures are benefiting from venture capital support (VC funding in crypto). These new crypto projects, funded by professional investors, can dictate the next narrative in crypto and the next big crypto movers.
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