CRX Trade launches Swiss institutional prime brokerage platform connecting crypto and Wall Street

BlockBeats news, October 7 — Swiss digital asset institutional prime broker CRX Trade announced the launch of a new platform, providing hedge funds and trading institutions with a single account that connects to crypto markets including Binance, Bybit, Gate, Hyperliquid, and Deribit, as well as traditional financial markets such as CME Group and Nasdaq. The platform is powered by CoinRoutes for trading technology and allows institutions to trade across different markets using a unified collateral pool.

CRX Trade stated that clients can use BTC, stablecoins, and tokenized gold as unified collateral and trade across 10 connected markets, while gaining 24/7 market access. The platform also supports algorithmic aggregation of trades from different exchanges into a single order and uses independent institutional wallets for asset segregation, separately managing trading and withdrawal permissions.

The platform is open to professional and institutional clients. CoinRoutes has cumulatively processed more than $700 billion in notional trading volume and already supports products such as xStocks tokenized equities and Deribit options. CRX Trade is operated by Zug, Switzerland-based RAS Capital GmbH, a VQF member; the platform itself does not provide loans, and financing is provided by independent third-party lenders.