TechFlow News: On March 4, according to Tradeweb Markets, institutional-grade digital asset trading technology firm Crossover Markets closed a $31 million Series B funding round, achieving a valuation of $200 million. The round was led by global multi-asset electronic trading platform Tradeweb Markets, with participation from DRW Venture Capital, Illuminate Financial, Ripple, Virtu Financial, Wintermute Ventures, and XTX Markets.
As part of the collaboration, Tradeweb plans to provide global clients with Crossover’s institutional spot cryptocurrency liquidity via its algorithmic order routing technology. Proceeds from the funding will be used to enhance the CROSSx technology stack, expand global operations, and deepen integration with institutional partners.
