Crossover Markets Closes $31M Series B at $200M Valuation With Tradeweb Leading the Round
The post Crossover Markets Closes $31M Series B at $200M Valuation With Tradeweb Leading the Round appeared on BitcoinEthereumNews.com.
TLDR: Crossover Markets closed a $31M Series B round at a $200M valuation, led by Tradeweb Markets. Tradeweb will route institutional spot crypto orders to CROSSx using algorithmic order-routing tech. CROSSx has matched over $50 billion in notional volume across 12 million trades since its launch. Investors include Ripple, Virtu Financial, Wintermute Ventures, XTX Markets, and DRW Venture Capital. Crossover Markets has closed a $31 million Series B funding round at a $200 million valuation. Tradeweb Markets led the round, joined by DRW Venture Capital, Illuminate Financial, Ripple, Virtu Financial, Wintermute Ventures, and XTX Markets. The investment strengthens CROSSx, an execution-only cryptocurrency electronic communication network. Through the deal, Tradeweb will route institutional spot crypto orders to the platform. This partnership reflects the growing convergence between traditional finance and digital asset trading infrastructure. Tradeweb Partnership Brings Institutional Crypto Access to Global Clients Tradeweb plans to connect its global clients to Crossover’s institutional spot crypto liquidity. It will use its algorithmic order-routing technology to direct trades to CROSSx. This move marks Tradeweb’s formal entry into institutional crypto markets. The integration combines CROSSx’s microsecond matching speed with Tradeweb’s established global distribution network. Crossover Markets CEO Brandon Mulvihill welcomed the development with a clear statement of intent. “We are pleased to announce our Series B financing and are grateful to both our existing and new investors, whose support is a testament to the transformative role CROSSx is playing in the digital asset ecosystem.” — Brandon Mulvihill, Co-Founder and CEO, Crossover Markets Mulvihill further noted that institutions are demanding speed, transparency, and efficiency similar to traditional markets. He added that few Wall Street leaders understand those standards better than Tradeweb. Combining CROSSx’s single-digit microsecond matching with Tradeweb’s global reach marks a significant step forward. He also stressed that clear separation of duties remains fundamental to…
Filed under: News - @ March 5, 2026 5:24 am