#Cryptocurrency #USA #Wilmington #Crossover Markets #CROSSx

Crossover Markets Achieves Historic Trading Performance

Crossover Markets, a leader in institutional digital asset trading technology, has announced outstanding results for October 2025, marking a remarkable achievement in its trading activities. The firm reported an astonishing $4.96 billion in notional trading volume, alongside 1.39 million trades executed during the month. This performance reinforces Crossover's position at the forefront of the cryptocurrency trading space.

Revolutionary Trading Platform

The company's platform, CROSSx, stands as the first execution-only trading venue in the cryptocurrency industry. Its innovative Electronic Communication Network (ECN) is designed specifically for institutional participants, allowing them to engage in efficient trading transactions. The speed at which CROSSx operates is noteworthy, with trades being matched in just single-digit microseconds, establishing it as the fastest matching engine in the crypto market.

CROSSx operates around the clock and has ensured 100% uptime throughout October, solidifying its reliability. The advanced infrastructure is hosted in top-tier data centers located in Equinix LD4 and Equinix NY4, with plans for an additional site in Equinix TY3 set to launch in the first quarter of 2026.

Innovations and Expansions

The rapid growth of CROSSx is also attributed to the recent launch of CROSSx 2.0, which introduced several new order types and enhanced performance in order routing. This upgrade allows clients access to unique order types such as post-only, iceberg, and peg-to-mid, tailored according to client needs. Such innovations reflect Crossover's commitment to continuously improving user experience and operational efficiency.

Crossover Markets has recently announced its expansion into the United States, which complements its established presence in Europe. Brandon Mulvihill, Co-Founder and CEO, highlighted this geographical growth as critical for positioning Crossover within the global market. “Our planned expansion into Asia next year will further our capability to serve institutions by implementing artificial intelligence for optimal order routing,” Mulvihill stated.

Market Resilience and Strategic Positioning

Brandon Mulvihill addressed the complexities of market dynamics, particularly as they unfolded on October 10, 2025. He noted, “The market events highlighted the risks associated with intertwining credit, settlement, and liquidity provisioning.” He emphasized that Crossover’s operating model—distinct from conventional trading frameworks—provides a resilient strategy that adapts to various market conditions, thereby reducing market impact and ensuring tighter spreads.

The surge in trading volume signifies not just a success for Crossover but also reflects the progressive adoption of cryptocurrency trading by institutional investors. With nearly 100 active participants and over 1,200 independent FIX sessions, CROSSx is becoming a hub for institutional trading activities.

Future Outlook

Looking ahead, Crossover Markets aims to continue leveraging its cutting-edge technology and strategic enhancements to capture further market share. As the digital asset landscape evolves, Crossover's dedication to providing exceptional trading solutions is set to facilitate unprecedented growth in the sector.

In summary, Crossover Markets' record performance in October 2025 stands as a testament to its innovative approach and market leadership. With ongoing expansions and technological advancements, the firm is poised to play a pivotal role in ushering in a new era for cryptocurrency trading among institutional players. For more information on Crossover Markets and its services, visit Crossover Markets.