crypto-ecn
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Brandon Mulvihill Is Rebuilding Crypto's Market Plumbing
After nearly two decades in foreign exchange, he left Jefferies to separate crypto execution from custody and brokerage. Four years later, Crossover Markets has processed more than $50 billion in trades - and brought Tradeweb into institutional crypto.
Crossover Markets
Crossover Markets is a New York-based institutional trading technology firm behind CROSSx, one of the first execution-only cryptocurrency electronic communication networks (ECN). Founded in 2022 by former FX prime brokerage executives, it decouples trade execution from custody and brokerage to remove the conflicts of interest common on crypto exchanges. CROSSx pairs sub-20 microsecond matching with smart order routing and custom dark and lit liquidity pools, and has matched more than $50 billion in notional volume across 12 million trades for nearly 100 institutional participants.