just now

Liquidity Finder Ltd is incorporated in England and Wales, company number 10610740, registered address 167-169 Great Portland Street, Fifth Floor, London W1W 5PF, United Kingdom.
Published: just now

Crossover Markets, the institutional digital asset trading technology firm, has announced its expansion into the United States, opening access for U.S.-domiciled institutions to trade select spot cryptocurrencies via its CROSSx electronic communication network (ECN). The move comes as institutional demand for digital assets grows, fuelled by what the company sees as increasing regulatory clarity in the U.S.
Brandon Mulvihill, Co-Founder & CEO
Anthony Mazzarese, Co-Founder & Chief Commercial Officer
Founded in 2022 by foreign exchange veterans, including Brandon Mulvihill, Co-Founder & CEO, and Anthony Mazzarese, Co-Founder & Chief Commercial Officer, Crossover Markets has until now focused its operations outside the U.S., citing regulatory uncertainty. The firm’s CROSSx ECN, already available in London (LD4) and Tokyo (AWS), is now accessible via NY4, creating a globally distributed network for institutional digital asset trading.
The U.S. expansion is supported by prime brokerage partners Hidden Road and BitGo, enabling fungibility and liquidity across multiple trading venues. Crossover is currently onboarding U.S. entities of leading market makers, hedge funds, asset managers, ETF providers, and retail brokers, with operations expected to be live by the end of Q3 2025.
Brandon Mulvihill, Co-Founder & CEO, commented, “We have reached a tipping point where institutional investors have more opportunities in the U.S. market for digital assets, and as a result, we are now seeing institutional cryptocurrency trading begin to scale. Participants in the U.S. have been stifled by excessive fees from the captive, vertically-integrated nature of the crypto exchange business models that were prevalent historically. With multiple tier-one banks now launching custody offerings similar to what they offer in other asset classes, institutions now have the freedom to custody with one firm and can trade freely across the proverbial ‘Street.’ As the world’s first execution-only crypto venue, Crossover has positioned its CROSSx ECN to be the platform of choice within the model’s trade execution platform.”
The CROSSx platform is designed to mirror the ECN model popular in foreign exchange markets, offering anonymous execution, deep liquidity, and tight spreads. The separation of trade execution from custody is a feature intended to address counterparty risk concerns that have been prominent since the collapse of several centralised crypto platforms. The platform’s credit intermediaries allow clients to buy cryptocurrencies on one venue and sell them on another, a structure that reduces settlement risk and increases capital efficiency.
Noel Kimmel, President of Hidden Road
Noel Kimmel, President of Hidden Road, said, “A market structure whereby an anonymous ECN like CROSSx is supported by Hidden Road is already widely understood by capital markets participants operating in traditional asset classes, and is likely the reason for increased interest in the execution-only model. We’re excited to see our longtime partner continue to grow, which shares our commitment to institutionalising the digital asset market structure, and we look forward to jointly servicing Hidden Road’s existing FX and Fixed Income clients who are seeking to expand into digital assets.”
As part of the U.S. expansion, Anthony Mazzarese, Co-Founder & CCO, who has led the London office for the past two years, has relocated to the U.S. to support the firm’s growth. “For multiple reasons, the United States has suddenly become the centre of the crypto universe, and the demand we are seeing from institutions across the spectrum here is staggering,” said Mr. Mazzarese. “We are actively building out our corporate infrastructure to meet this demand, and look forward to working with these clients to bring them the institutional-grade technology and service level they require.”
Crossover Markets reported $13.5 billion in trading volume last year and raised $12 million in a Series A round in June 2024 to support its expansion. The firm’s leadership, with backgrounds in FX trading, prime brokerage technology, and artificial intelligence, is aiming to bring traditional finance expertise to the evolving digital asset ecosystem.
We're the largest marketplace to connect with brokers, Fintech companies & digital asset firms. Want to partner? Let's get in touch.
Select the categories and companies you wish to follow directly to your person rss feed.
Create Custom RSS FeedSign up and join over 5,000 professional members who receive personalized news alerts, curated professional connections, and more for free!
NVDA enters tonight's $5.7T print with a stacked deck against it — the bear case needs only one leg to break, the bull case needs all three to clear elevated whispers.
dxFeed has integrated Kalshi, a CFTC-regulated prediction market exchange, into its Event-Based Contracts Market Data Feed, offering real-time data on binary outcome markets.
MEXC reports a sharp increase in traditional finance futures trading, with AI semiconductor assets leading the surge. The platform highlights how crypto exchanges are becoming a preferred route for users to gain exposure to TradFi markets, offering zero fees and stablecoin settlement.
Bitget Wallet has integrated xStocks, expanding its tokenised equities and RWA offering to over 300 assets for its 90 million users. The move provides self-custodial access to tokenised stocks, ETFs, and commodities, alongside cryptocurrencies, with low fees and gasless execution.
MARKET REPORT UK jobs data adds to GBP uncertainty ahead of tomorrow's CPI To talk to us about your next trade, call 020 7778 7500 or hit the button below Email us USD falls for the first time…
Market drivers and catalysts Equities: US stocks were mixed, Europe rose on energy and de-escalation hopes, while Asia struggled with oil and yields. Volatility: VIX eases, bond yields ele…
LiquidityMatch LLC, the parent company of FXSpotStream, has launched RateStream LLC, a dedicated streaming solution for the Fixed Income markets that applies the commercial model that transformed FX trading over the past decade to one of the largest and most actively traded markets in the world.
This is a breakdown how the market is being driven by a collision between human psychology, institutional trading traps, and macroeconomic reality.
Yes, a cloud-based trade copier can be significantly more flexible than a traditional VPS-based setup, especially for traders or signal providers managing multiple accounts across different platforms.…
FOMC minutes, PMI data, drone strikes in the Gulf — May 2026 is not as calm as it looks. What broker dealing desks should be watching this week, and why the brokers who survived April had one thing in common.
Abu Dhabi Global Market (ADGM) announced a robust start to 2026, with Assets Under Management (AUM) growing by 57% and active licences surpassing 13,000. The international financial centre continues to attract global asset managers and financial institutions, reinforcing its status as a leading hub in the MEASA region.
EUR/USD could be gearing up for a major breakout toward 1.20 as stagflation risks, Fed policy shifts, and a bullish flag pattern align in the FX market.
Discover the latest Gold XAU/USD trade ideas. Will the upcoming FOMC Minutes trigger a breakout or just more sideways action?
Market drivers and catalysts Equities: US and European stocks fell as yields and oil rose, Asia weakened, with Korea’s chip rally hitting a wall. Currencies: The US dollar rallies broadly…
MARKET REPORT Sterling suffers worst week since November 2024 as political crisis deepens To talk to us about your next trade, call 020 7778 7500 or hit the button below Email us USD delivers i…
🇸🇬 Singapore doesn't do noise. Finance Magnates Singapore Summit 2026 was exactly that — concentrated, serious, and the kind of room where every conversation counts. The APAC market is a different b…
For years, self-managed super funds (SMSFs) have been heavily invested in shares, property, and cash. However, that is now changing as a growing number of Australian retirement investors are adding Bi…
Upcomers, a fast-growing prop trading firm, has partnered with cTrader to bring its clients a premium trading platform shaped around the way traders of all experience levels think, act and grow. …
MARKET REPORT UK political uncertainty builds as USD extends gains To talk to us about your next trade, call 020 7778 7500 or hit the button below Email us USD extends its winning streak to fou…
Markets are ending the week in full euphoria mode. The S&P 500 and Nasdaq hit fresh record highs as investors continue piling into AI stocks despite rising inflation, surging bond yields and escal…