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December 14, 2023 - Digital asset technology firm Crossover Markets Group, Inc today announced it has been selected as the primary digital asset execution partner of Tradu, a new multi-asset "super app" for active traders. Tradu is launching this month for UK residents and early Q1 2024 for international markets. Tradu is part of Stratos Group International, LLC ("Stratos"), a wholly-owned subsidiary of Jefferies Financial Group Inc. ("Jefferies").
The partnership will see Crossover's CROSSx electronic communication network (ECN) serve as Tradu's primary execution venue for digital assets.
CROSSx is a dynamic technology platform that provides institutional and intermediary clients with tailored liquidity, high-speed execution, maximum throughput and tight spreads. The ECN's ability to handle large volumes of orders makes it a natural fit for Tradu's goal of delivering institutional-level performance to retail traders.
Brendan Callan, CEO of Tradu
"We are thrilled to respond to client demand for streamlined multi-asset experiences—including digital assets—with the launch of Tradu," said Brendan Callan, CEO of Tradu. "Assembling the right technology platform for our customers was a key objective and CROSSx is the only crypto execution venue today that delivers the speed and throughput required to help us bring down trading costs. We believe that our distribution, coupled with CROSSx's technical prowess, creates one of the most compelling digital asset trading offerings on the market."
Brandon Mulvihill, Co-Founder and CEO of Crossover
"Tradu is a bold and disruptive offering that resets the future of online trading for retail clients," said Brandon Mulvihill, Co-Founder and CEO of Crossover. "On the front end, Tradu provides retail clients the ability to trade multiple asset classes in a seamless fashion, while on the back end, Tradu sources market data, liquidity management and trade execution from the best providers in their respective markets. CROSSx brings unrivaled speed and performance to the table, matching 99% of orders in under 10 microseconds while processing over 1 billion quotes per day. We are honored that Tradu selected CROSSx for its position as the preeminent institutional crypto trading venue, and we look forward to bringing our value proposition to all Tradu clientele."
The partnership between Tradu and Crossover comes at a time of rapid growth in the digital asset market. As the industry matures, new entrants like Tradu are bringing TradFi best practices to the digital asset space, while providing modern workflows and platforms built for 24x7 trading.
