Digital asset trading technology company Crossover Markets has completed a $31 million Series B funding round

Crossover Markets, an institutional-grade digital asset trading technology company, has completed a $31 million Series B funding round, reaching a valuation of $200 million. This round was led by Tradeweb Markets, a global multi-asset electronic trading platform, with participation from institutions such as DRW Venture Capital, Illuminate Financial, Ripple, Virtu Financial, Wintermute Ventures, and XTX Markets.

As part of the collaboration, Tradeweb plans to provide Crossover's institutional spot cryptocurrency liquidity to global clients through its algorithmic order routing technology. The proceeds from the funding will be used to enhance the CROSSx technology stack, expand global operations, and deepen integration with institutional partners.

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