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      Crossover Markets Partners With Hidden Road

      Published: just now

      Crossover Markets Partners With Hidden Road

      May 23, 2023 - Institutional digital asset trading technology firm Crossover Markets Group, has announced a partnership with Hidden Road, the global credit network for institutions. Through this partnership, Hidden Road clients will have streamlined access to CROSSx, Crossover's execution-only crypto electronic communication network (ECN) for the purposes of executing spot cryptocurrency transactions.

      Crossover aims to avoid conflicts of interest by decoupling trade execution from custody and brokerage, giving institutions the ability to freely choose their own credit counterparties. Hidden Road is the first partner onboarded and certified with CROSSx to provide prime brokerage services for spot cryptocurrency transactions as institutional adoption of digital assets continues to grow.

      Brandon Mulvihill 300x300

      Brandon Mulvihill, Co-Founder and CEO of Crossover Markets

       

      "In the non-fungible world of cryptocurrency platforms, Hidden Road has widened trading capacity for institutions by bringing to market fungibility," said Brandon Mulvihill, Co-Founder and CEO of Crossover. "We believe this significant removal of operational friction from the ecosystem will materially increase trading volumes and decrease the costs of trading. In this environment, only the truly elite trading technologies will win, so this collaboration is naturally synergistic for Crossover and our flagship product, CROSSx."

      Commenting on the partnership, Hidden Road's Global Head of Business Development Michael Higgins said, "Crossover shares Hidden Road's desire to institutionalize digital asset market structure by removing conflicts of interest, helping to bring transparency and trust back into the ecosystem. Their unbundled approach to execution fits well with Hidden Road's partner- and technology-agnostic philosophy, and we are excited to add them to the credit network."

      This partnership comes at a time of momentum for Crossover, which recently announced the launch of CROSSx and the firm's seed investment round.

      Crossover Markets is a digital asset trading technology firm focused on meeting the unique liquidity requirements of institutions in the spot and derivative cryptocurrency markets. CROSSx, the company's execution-only cryptocurrency Electronic Communication Network (ECN), is powered by the industry's fastest and most advanced matching engine and includes order logic that enables clients to choose whom they want to trade with. Led by a team with decades of FX trading, prime brokerage technology and artificial intelligence experience, Crossover is ushering the next big wave of institutions in the crypto market. 

      We're the largest marketplace to connect with brokers, Fintech companies & digital asset firms. Want to partner? Let's get in touch.

      This content may have been written by a third party. LiquidityFinder makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or other information supplies by any third-party. This content is information only, and does not constitute financial, investment or other advice on which you can rely.
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