Crossover Markets Group

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?

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.

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.

Location
London, United Kingdom
Founded
2022
Funding
$18.0M
Employees
20 employees
Investors
Illuminate FinancialMetalayer

Crossover Markets Group

10
Relative Traction Score based on online presence metrics compared to companies in the same age group.

Executive Summary

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.

crossovermarkets.com3K+
Founded 2022 – London, United Kingdom

Funding

No specific funding rounds found.

Total Funding

$18.0M

Backed by

DRW Venture CapitalIlluminate FinancialMetalayer

Team (20+)

No team information available.

Company Description

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.

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

Target Audience

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

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.

Sources:

1
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