#Cryptocurrency #London #United Kingdom #BitGo #Crossover Markets

Crossover Teams Up with BitGo for Improved Trading Solutions

In a significant move for the cryptocurrency industry, Crossover Markets, known for its innovations in digital trading technology, has announced a strategic partnership with BitGo Trust Company. This collaboration focuses on providing a seamless and secure trading experience for institutional investors navigating the fast-paced world of digital assets.

Crossover Markets, operator of the CROSSx cryptocurrency ECN (Electronic Communication Network), is particularly attuned to the specialized liquidity needs of institutional traders. Meanwhile, BitGo, well-established since 2013, offers a robust infrastructure that underpins many institutions' digital asset activities, including custody and trading services. The integration of Crossover's execution-only platform with BitGo’s regulated custody and Go Network clearing solutions represents a logical evolution in how these entities serve their clients in an increasingly competitive landscape.

With a marked increase in interest from institutions toward digital currencies, this partnership comes at an opportune moment. Traditional finance firms are actively seeking secure trading infrastructures that replicate the standards present in regulated equity and forex markets. Crossover’s CROSSx platform is lauded for its anonymous, low-latency matching capabilities, and will now be more accessible through BitGo's Go Network. This alignment not only enhances user convenience but also reassures users regarding counterparty risks, as assets will remain secure within BitGo Trust until settlement.

“The structure of the market is shifting rapidly, and institutional players are no longer willing to pay exorbitantly high fees typical of traditional exchanges,” commented Brandon Mulvihill, CEO and Co-Founder of Crossover Markets. “Our partnership with BitGo, which boasts over $100 billion in custodial assets and a vast user base, positions us well to enhance liquidity options and meet the growing demand for a cost-effective digital trading environment.”

Mike Belshe, CEO and Co-Founder of BitGo, emphasized the advantages of this partnership, stating, “Our aim is to expand liquidity access while ensuring the highest security standards. The addition of Crossover’s CORRECTx ECN will play a crucial role in diversifying the liquidity provisioning for our client base.”

Beginning in April, this collaboration will allow institutional clients to buy and sell select cryptocurrencies across multiple venues effortlessly while identifying BitGo Trust as a shared counterparty. This feature introduces a level of fungibility akin to established financial markets, substantially reducing settlement risks and streamlining operations for institutions looking to leverage various liquidity sources.

This partnership exemplifies the ongoing evolution of trading technologies in cryptocurrency markets, driven by institutional demands for efficiency, security, and competitive pricing. Crossover Markets anticipates becoming a key player in this domain, bolstered by its cutting-edge technology and the extensive reach of BitGo's infrastructure.

About Crossover Markets

Crossover Markets is dedicated to providing advanced digital asset trading solutions tailored for institutional needs. The firm aims to redefine trading experiences with its industry-leading ECN, highlighted by an efficient matching engine and customizable order logic. Crossover's experienced team brings decades’ worth of trading and technological expertise to lower barriers for institutions interested in crypto.

For more details, please visit Crossover Markets.

About BitGo

As a key player in the digital asset sector, BitGo offers a wide array of services, including secure custody, wallets, and trading solutions from highly regulated environments. It stands as the largest independent custodian globally and is a cornerstone of operations in the cryptocurrency ecosystem.

For more information on BitGo, visit BitGo.