Crossover Markets has successfully secured $31 million in a Series B funding round led by Tradeweb Markets, valuing the ECN platform at approximately $200 million. This funding round also saw participation from notable investors such as DRW Venture Capital, Illuminate Financial, and Ripple. With this investment, Tradeweb plans to utilize its algorithmic trading technology to facilitate institutional clients’ spot crypto trading orders through the CROSSx platform. This collaboration highlights the growing integration of traditional financial practices with digital assets, as institutions increasingly seek execution venues that meet the standards of speed and transparency prevalent in traditional markets.
Tradeweb Markets leads $31 million Series B funding round for Crossover Markets
