Cryptocurrency Trading Platform Crossover Markets Completes $31 Million Series B Funding Round, Led by Tradeweb Markets

BlockBeats News, March 5th, according to Bloomberg, cryptocurrency execution platform Crossover Markets has completed a $31 million Series B financing round, led by Tradeweb Markets, with participation from DRW Venture Capital, Ripple, Virtu Financial, Wintermute Ventures, XTX Markets, and Illuminate Financial.

Crossover separates trade execution from custody and credit — the same structural reform that reshaped the foreign exchange market years ago. As part of the trading, Tradeweb will use its proprietary algorithmic technology to process its institutional clients' crypto orders through the platform, providing one of the largest electronic trading companies with a direct gateway to the digital asset market.