Crossover Markets

Crossover Markets is excited to attend the Blockworks Digital Asset Summit in New York City from March 24–26. Our Co-Founder & CCO Anthony Mazzarese and CFO Kevin Wolf will be on the ground at the event, which brings together the world's leading institutions, investors, and policymakers to explore the themes defining the next era of digital assets, from on-chain finance and stablecoins to public markets, DeFi, and the evolving global regulatory landscape. We look forward to connecting, and please reach out if you'd like to schedule a time to meet. Learn more about the event here: blockworks.com/event/digital-…

In a recent feature for The Digital Assets Edge Magazine, Crossover Markets Co-Founder and CEO Brandon Mulvihill spoke with Karl Loomes about why market structure remains the biggest barrier to institutional crypto adoption. Brandon breaks down how vertically integrated exchanges concentrate risk and fragment liquidity, and how an execution-only ECN model addresses this by lowering cost of capital and enabling cross-venue trading – driving real competition on price and liquidity. He also discusses why execution quality is the ultimate institutional metric, underpinned by deterministic infrastructure that delivers consistent performance during volatility, bringing crypto market structure closer to established inter‑dealer standards. Read the full interview on pages 26-28 of the magazine: digitalassetsedge.com/dae/issue.php?…

Crossover Markets is pleased to share that we have been shortlisted for the Hedgeweek Global Digital Asset Awards 2026 in the following categories: * Exchange of the Year: Innovation * Exchange of the Year: Overall * OTC Trading & Liquidity Solution of the Year * Solution Provider of the Year: Execution and Trading * Technology Provider of the Year: Overall Each year, Hedgeweek recognizes excellence in alternative fund management and service provision, and we are proud to be recognized among a group of companies shaping the future of digital asset infrastructure. Winners are determined based on a combination of public vote and quality of submission. To view the full shortlist and cast your vote for Crossover, visit: awards.hedgeweek.com/global-digital…

Crossover Markets is proud to announce its $31 million Series B fundraise at a $200 million valuation. Led by Tradeweb with participation from DRW Venture Capital, Illuminate Financial, Ripple, Virtu Financial, Wintermute Ventures, and XTX Markets, this milestone marks the continued convergence of traditional finance and digital assets. The investment will also bring institutional spot crypto liquidity on CROSSx to Tradeweb’s global client base, combining our execution only ECN with one of the world’s leading multi asset electronic marketplaces. As institutions increasingly require speed, transparency, and clear separation of duties in digital markets, we’re pleased to be building the execution layer that meets those standards by bridging the best of traditional market structure with the future of digital asset trading. Read the full announcement here: crossovermarkets.com/crossover-mark…

In a recent interview with Joe Palmisano, CMT of Connect Money, Crossover Market's Co-Founder and CEO Brandon Mulvihill shared his thoughts on the structural evolution of crypto markets amid growing institutional demand. Brandon explores the most pressing topics in crypto trading today, from bank-led custody and US regulatory clarity to the conflicts within vertically integrated exchange models and why separating custody, clearing, and execution is key to the industry's maturity. He also highlights the importance of low-latency execution in crypto, and how CROSSx's faster infrastructure enables market makers to process more price updates, manage risk, and reflect real-time market movements. Read the full Q&A here: connectmoney.com/stories/rethin…

Crossover Markets is attending FIA, Inc.'s Global Cleared Markets Conference in Boca from March 8–11. Our Co-Founder & CEO Brandon Mulvihill and CFO Kevin Wolf will be on the ground and look forward to connecting with companies that are transforming the global industry for cleared derivatives. Please reach out if you'd like to set up a time to meet. More details on the event here: fia.org/fia/events/fia…

Crossover Markets is excited to attend CoinDesk's Consensus from February 10-12 at the Hong Kong Convention and Exhibition Centre. Co-Founder & CCO Anthony Mazzarese, and Directors of Business Development Daniel Hart and Lik Hui Lim will be in attendance and look forward to connecting with industry leaders to discuss the future of institutional digital assets. If you're attending, feel free to reach out to connect. Learn more: consensus-hongkong.coindesk.com

Crossover Markets is pleased to announce the launch of TWAP (Time-Weighted Average Price) orders on CROSSx. TWAP enables institutions to execute large orders over a specified time interval, helping minimize market impact and reduce signaling risk through pegged passive or aggressive execution styles. By automatically managing order slicing and execution, CROSSx TWAP provides clients with a streamlined, resilient tool for disciplined execution in fast-moving digital asset markets. As institutional participation continues to scale, we remain focused on delivering execution-only tools built for optimizing trading workflows and market structure maturity.

Crossover Markets was pleased to be featured in The TRADE News 2026 Predictions Series, which surveyed industry leaders on how the digital asset landscape is set to evolve in 2026 amid accelerating institutional participation. In the piece, Co-Founder & CEO Brandon Mulvihill shares his perspective on how crypto market structure is evolving toward a more institutional model — one that separates custody, clearing, and execution, mirrors established asset classes, and supports the emergence of a true inter-dealer ecosystem. As market structure continues to mature and prime brokerage and clearing frameworks take hold, Brandon highlights the growing role of execution-only venues like CROSSx in enabling price discovery, risk transfer, and resilient liquidity — particularly during periods of market stress. Read more here: thetradenews.com/the-trade-pred…

At last week’s Fasanara Capital Digital Asset Conference III in London, Crossover Markets Co-Founder & CEO Brandon Mulvihill had the privilege of joining fellow industry leaders for a wide-ranging panel discussion on the evolving institutional trading landscape, the role of execution-only venues, and the infrastructure required for the next phase of digital asset market structure. We are proud to have participated in this premier event alongside the leading innovators and allocators advancing the technologies and frameworks that underpin institutional adoption.

At last week's FIA Expo 2025 in Chicago, Brandon Mulvihilll, Co-Founder and CEO of Crossover Markets engaged in a dynamic discussion alongside Boris Ilyevsky of Coinbase, Shreyas Chari of Monarq Asset Management, Hein Tibosch of Flow Traders, and moderated by Ari Pine, SVP of Product of The Tie about the current state of the crypto derivatives markets and the evolution of the digital asset trading landscape, from access, data, liquidity and market structure. Brandon spoke to the shortage of established custodians, which is giving some investors pause. “They want a custodian that they’re familiar with. These companies trade multiple asset classes, but they use Custodian A or they use Custodian B, typically a bank, and they want the same type of service. Some banks have stepped up and said that they’re going to scratch that itch, but they haven’t opened for business yet," he shared. It was great to connect with so many impressive industry leaders and thinkers. We look forward to continuing the conversation.

Crossover Markets Co-Founder & CEO Brandon Mulvihill will be speaking at Fasanra Capital's Digital Asset Conference III in London on November 28, where he'll be joining an esteemed group of panelists on the "Improving Market Liquidity and Infrastructure For The Next Trillion Market Cap" panel. We look forward to joining the many institutional leaders, allocators, and innovators that are shaping the future of digital finance at this premier event. Learn more: thedigitalassetconference.com

On November 11th, Crossover Markets CFO Kevin Wolf will be in Stockholm speaking at Virtu Financial's Winter Conference. Kevin will join market leaders and innovators on the "Institutional Crypto Execution: What's Real, What's Scalable, and What's Next?" panel to discuss recent industry developments such as the evolving regulatory landscape, international dynamics, and other timely topics. Learn more about next week's event: web.cvent.com/event/2c125e25…

We are pleased to share that Crossover Markets achieved record results in October, with CROSSx matching $5 billion in notional trading volume and 1.39 million trades. To date, nearly 100 participants are live on CROSSx, with over 1,200 independent FIX sessions in production. “The market events that unfolded on Friday, October 10th highlighted the risks of mixing credit and settlement with liquidity provisioning. We are extremely proud of the fact that we continue to win market share based on our technical capacity and operating model,” said Crossover Markets Co-Founder and CEO Brandon Mulvihill. We look forward to continuing our strong performance in the remainder of 2025 and beyond, and we invite you to learn more from the full press release: crossovermarkets.com/crossover-mark…

Crypto market structure is evolving — and Wall Street’s playbook is coming with it. A new Bloomberg feature highlights how Crossover Markets is bringing institutional market structure to digital assets — separating execution, custody, and credit to eliminate conflicts and build long-term trust across the ecosystem. The article also spotlights the resiliency of CROSSx during the October market dislocation, during which the platform remained online and executed more than 60,000 trades in a few hours, demonstrating why separation of duties is crucial in times of stress. Read more here: bloomberg.com/news/articles/…

Brandon Mulvihill, Co-Founder & CEO of Crossover Markets, was recently featured on the Thinking Crypto Podcast, hosted by Tony Edward, which explores ideas shaping today’s crypto markets. In this episode, Brandon discusses the pivotal developments in institutional crypto trading, increasing interest among TradFi players to participate, and how Crossover is supporting investors to trade digital assets more efficiently. Listen to the full episode here: thinkingcrypto.com/the-shocking-t…

Crossover Markets Co-Founder & CEO Brandon Mulvihill will be a panelist at the FIA, Inc. Futures & Options Expo 2025 on November 17 at the Sheraton Grand Chicago Riverwalk. Catch Brandon on the “Digital Assets: The Rapid Evolution of the Trading Landscape” panel alongside Boris Ilyevsky of Coinbase, and moderated by Joshua Frank, Co-Founder & CEO of The Tie for an informative discussion on access, data, liquidity, and market structure in crypto derivatives. Learn more about the event: fia.org/fia/events/fut…

Crossover Markets Co-Founder & CEO Brandon Mulvihill recently spoke with Nina Bambysheva of Forbes regarding the recent volatility in crypto markets, the need for structural reform in digital asset trading, and how Crossover’s ECN model was designed to withstand this kind of market stress. “We’re creating what we would normally call an inter-bank or inter-dealer market,” Brandon told Forbes. “This provides fungibility and a separation of duties that ultimately collapse the cost of trade.” Read more here: forbes.com/sites/digital-…

We are pleased to share that our Co-Founder & CEO Brandon Mulvihill will be attending Galaxy's Gravity Leadership Symposium in New Orleans from October 27-29. This exclusive event features some of the most influential visionaries in crypto and fintech, and we are honored to be among the firms invited to join insightful discussions around the modern digital assets landscape. We look forward to building meaningful connections with fellow industry leaders and innovators. Learn more: gravity.galaxy.com/attendees/