Crossover Markets Lands $31 Million in Series B Funding for Crypto Trading Platform

Crossover Markets has made a significant move in the cryptocurrency market with the successful completion of its $31 million Series B funding round. The company will use the capital to accelerate the expansion of its flagship product, CROSSx, an institutional-grade Electronic Communication Network (ECN) designed for professional traders.

CROSSx is a dedicated ECN that provides a private, high-speed, and transparent venue for trading digital assets. This infrastructure aims to offer several key advantages over public exchanges, including reduced market impact on large orders, potentially lower transaction costs, and access to deeper liquidity pools.