About Crossover Markets Group

Crossover Markets Group operates CROSSx, an execution-only electronic communication network (ECN) for institutional cryptocurrency trading, utilizing a sub-20 microsecond matching engine to deliver ultra-low latency and high throughput. By decoupling trade execution from custody and brokerage, the platform addresses the liquidity needs of institutions while eliminating conflicts of interest and offering the lowest trading fees in the industry.

```xml <problem> Institutional cryptocurrency trading often suffers from conflicts of interest due to exchanges combining trade execution with custody and brokerage services. Existing central limit order book (CLOB) models can be slower and less tailored to specific liquidity needs compared to quote-driven matching technologies. </problem> <solution> Crossover Markets Group offers CROSSx, an execution-only electronic communication network (ECN) designed specifically for institutional cryptocurrency trading. By decoupling trade execution from custody and brokerage, CROSSx eliminates conflicts of interest and provides a focused venue for institutions. The platform utilizes a sub-20 microsecond matching engine and high throughput to deliver ultra-low latency and rapid trade executions. CROSSx enables the creation of custom dark and lit liquidity pools, allowing participants to tailor their trading based on factors like trade size, spread, and toxicity protection. </solution> <features> - Ultra-low latency matching engine with sub-20 microsecond latency - High throughput capable of processing millions of messages per second - Execution-only model that avoids conflicts of interest by decoupling custody and brokerage - Customizable dark and lit liquidity pools for tailored trading environments - FIX API and GUI connectivity options for participant access - Quote-driven matching technology with complex interaction rules and smart order routing - 24/7 availability for continuous trading </features> <target_audience> The primary target audience consists of institutional participants in the cryptocurrency market, including banks, brokers, and liquidity providers. </target_audience> <revenue_model> CROSSx charges a commission of 0.01% for both liquidity makers and takers. Commissions are waived for takers trading USDT/USD and USDC/USD. </revenue_model> ```

What does Crossover Markets Group do?

Where is Crossover Markets Group located?

Crossover Markets Group is based in London, United Kingdom.

When was Crossover Markets Group founded?

Crossover Markets Group was founded in 2022.

How much funding has Crossover Markets Group raised?

Crossover Markets Group has raised $18.0M.

Who founded Crossover Markets Group?

Crossover Markets Group was founded by Brandon Mulvihill.

Brandon Mulvihill - Co-Founder/CEO

Location

London, United Kingdom

Founded

2022

Funding

$18.0M

Employees

20 employees

Investors

Illuminate Financial Metalayer

Crossover Markets Group

London, United KingdomFounded 2022203K+ followers10/10 TractionRelative Traction Score based on online presence metrics compared to companies in the same age group.

Updated 19 months ago

Funding

$18.0M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.

Funding rounds are not available yet.

Founders

Product

Problem

Institutional cryptocurrency trading often suffers from conflicts of interest due to exchanges combining trade execution with custody and brokerage services. Existing central limit order book (CLOB) models can be slower and less tailored to specific liquidity needs compared to quote-driven matching technologies.

Solution

Crossover Markets Group offers CROSSx, an execution-only electronic communication network (ECN) designed specifically for institutional cryptocurrency trading. By decoupling trade execution from custody and brokerage, CROSSx eliminates conflicts of interest and provides a focused venue for institutions. The platform utilizes a sub-20 microsecond matching engine and high throughput to deliver ultra-low latency and rapid trade executions. CROSSx enables the creation of custom dark and lit liquidity pools, allowing participants to tailor their trading based on factors like trade size, spread, and toxicity protection.

Target Audience

The primary target audience consists of institutional participants in the cryptocurrency market, including banks, brokers, and liquidity providers.

Features

Ultra-low latency matching engine with sub-20 microsecond latency
High throughput capable of processing millions of messages per second
Execution-only model that avoids conflicts of interest by decoupling custody and brokerage
Customizable dark and lit liquidity pools for tailored trading environments
FIX API and GUI connectivity options for participant access
Quote-driven matching technology with complex interaction rules and smart order routing
24/7 availability for continuous trading