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Crossover Markets secures US$31m Series B funding
05 March 2026 US
Image: HeroDesign/stock.adobe.com
Crossover Markets, an institutional digital asset trading technology firm behind CROSSx, has announced the completion of its US$31 million Series B financing round.
The round values Crossover at US$200 million and was led by Tradeweb Markets, with participation from DRW Venture Capital, Ripple, Virtu Financial, Wintermute Ventures, XTX Markets, and Illuminate Financial.
In addition to the investment, Tradeweb will provide its clients with access to Crossover’s institutional spot crypto liquidity through its algorithmic order-routing technology.
Proceeds from the financing will be used to enhance the technology stack of Crossover’s execution-only cryptocurrency electronic communication network — CROSSx, expand global operations, and deepen integrations with institutional partners.
Bill Hult, CEO of Tradeweb, adds: “Institutional investors are increasingly turning to crypto to express macro views and manage risk in a 24/7 global market. As adoption grows, the market needs trusted, institutional-grade infrastructure.
“Through this planned integration with Crossover, our goal is to extend Tradeweb’s electronic execution standards into crypto — with the liquidity, transparency and discipline our clients expect.”
The round values Crossover at US$200 million and was led by Tradeweb Markets, with participation from DRW Venture Capital, Ripple, Virtu Financial, Wintermute Ventures, XTX Markets, and Illuminate Financial.
In addition to the investment, Tradeweb will provide its clients with access to Crossover’s institutional spot crypto liquidity through its algorithmic order-routing technology.
Proceeds from the financing will be used to enhance the technology stack of Crossover’s execution-only cryptocurrency electronic communication network — CROSSx, expand global operations, and deepen integrations with institutional partners.
Bill Hult, CEO of Tradeweb, adds: “Institutional investors are increasingly turning to crypto to express macro views and manage risk in a 24/7 global market. As adoption grows, the market needs trusted, institutional-grade infrastructure.
“Through this planned integration with Crossover, our goal is to extend Tradeweb’s electronic execution standards into crypto — with the liquidity, transparency and discipline our clients expect.”
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