The post Crossover Markets Raises $12M In Series A Funding Round appeared first on Coinpedia Fintech News
Crossover Markets, a digital asset trading technology firm, has raised $12 million in a Series A funding round led by Illuminate Financial and DRW Venture Capital. Crossover plans to use the funds to expand its team, develop its execution-only electronic communication network, CROSSx, and bring 24/7 trading to additional asset classes. The fundraising comes at a time when the institutional market structure is changing in digital assets. Prime brokerage and central clearing models are advancing, creating fungibility and exposing execution venues that hold clients captive.
