just now
October 05, 2021 - CrossTower, one of the world's fastest growing crypto investment and trading firms, today announced that it has joined the SFOX platform. SFOX is the independent digital assets prime broker providing institutional traders and investors with access to global crypto markets from a single account.
Bryan Christian, CrossTower's Head of Exchange, said, "Increasingly, our clients are requesting access to multiple platforms with strong reputations and the ability to support diverse assets and strategies, such as our robust pairs offerings. We are pleased to join the SFOX platform to broaden our distribution and SFOX's commitment to regulatory and operational compliance makes them a great partner for us."
SFOX Head of Execution Services, Shawn Egger, commented, "As one of the only agnostic prime dealers in the crypto space, we have a responsibility to source, collate & curate the best liquidity on behalf of our institutional clientele. Adding CrossTower to our router contributes to unique pricing skews and ultimately better price discovery for our clients block or top-of-booking trading".
In September, SFOX launched a hedge-fund specific crypto trading platform.
SFOX offers one of the only end-to-end (custodial & execution) venues in the world for institutions and is built to meet the high standards they require, both internally and from regulators. SFOX connects to exchanges, banks, OTC and other liquidity providers around the world so clients can access global liquidity and best price execution from one account. SFOX has seen 18x growth year on year in 2021 in hedge fund volume.
During the first half of 2021, CrossTower has continued its exponential growth with increased trading volumes, a new capital markets desk and a new financing business. The firm has also made a series of senior executive hires, including former Goldman Sachs executive Cory Thackeray as CFO. CrossTower has received the highest (AA) ranking from CryptoCompare in the latest Exchange Benchmark.
Founded in 2014, SFOX (San Francisco Open Exchange) is one of the largest cryptocurrency prime dealers for institutional traders. SFOX provides custody, treasury management, connectivity, liquidity, smart order routing, algorithmic best execution and unified reporting via one connection, one counterpart and one workflow. SFOX's team of senior developers and executives bring experience from institutions such as Airbnb, Apple, Goldman Sachs, Citadel, Google, NASA, Gemini, Ripple, Capital Group, ITG, & State Street. The company is backed by Social Capital, Y Combinator, Digital Currency Group, Khosla Ventures, Tribe Capital, DHVC, Haystack, Sequoia, Blockchain Capital, SV Angel, and Executives from PayPal and Airbnb.
