Crossover Markets Expands to the U.S. as Crypto Regulations Ease Under Trump

Amid more friendly crypto regulations in the US, CrossoverMarkets, the crypto asset trading technology firm, is preparing to launch itsservices for the US clients for the first time, the company announced in a post on X. Founded in 2022 by foreign exchange veterans BrandonMulvihill, Anthony Mazzarese, and Vladislav Rysin, the London-based company hasso far focused its operations outside the US. However, Trump’s return to the White House and his promisesto support the crypto sector through friendlier regulation have altered thefirm’s calculus. CEO Mulvihill said the team began laying the groundwork for aUS launch following Trump’s election victory. U.S.-based institutions want to trade crypto, and they’ll soon be able to via our CROSSx ECN. Read the latest from @business 's @sidcoins on our plans to expand into the market. https://t.co/J5fdY7YCdv #digitalassets #crypto #ECN #institutionalinvesting pic.twitter.com/AB9rknza3C CROSSx Model Brings FX Infrastructure to Crypto Crossover’s platform, CROSSx, mirrors the electroniccommunication network (ECN) model popular in foreign exchange markets. Thesetup offers anonymous execution, deep liquidity, and tight spreads, characteristicsoften missing from retail-heavy crypto venues. For institutional investors, the added appeal lies inits separation of trade execution from custody, addressing counterparty riskconcerns that have dogged the industry since the collapse of severalcentralized platforms. The platform promises low-latency execution andcustomizable liquidity pools, two features designed to appeal to professionaltrading firms accustomed to fast, flexible environments. Rising Volumes and Strong Institutional Appetite The firm reported $13.5 billion in notional tradingvolume last year and says momentum is accelerating. In June 2024, Crossover raised $12 million ina Series A round led by Illuminate Financial and DRW Venture Capital. Thatinfusion helped scale operations and prepare for market expansion. Now, with institutional interest climbing, the firm isreportedly considering a new fundraising round to meet demand. Crossover is notalone in its pivot toward the US market. Trump’s pro-industry posture has reignited interestamong global crypto firms that had previously avoided the country due toregulatory hostility under the Biden administration and former SEC Chair GaryGensler. Amid more friendly crypto regulations in the US, CrossoverMarkets, the crypto asset trading technology firm, is preparing to launch itsservices for the US clients for the first time, the company announced in a post on X. Founded in 2022 by foreign exchange veterans BrandonMulvihill, Anthony Mazzarese, and Vladislav Rysin, the London-based company hasso far focused its operations outside the US. However, Trump’s return to the White House and his promisesto support the crypto sector through friendlier regulation have altered thefirm’s calculus. CEO Mulvihill said the team began laying the groundwork for aUS launch following Trump’s election victory. U.S.-based institutions want to trade crypto, and they’ll soon be able to via our CROSSx ECN. Read the latest from @business 's @sidcoins on our plans to expand into the market. https://t.co/J5fdY7YCdv #digitalassets #crypto #ECN #institutionalinvesting pic.twitter.com/AB9rknza3C CROSSx Model Brings FX Infrastructure to Crypto Crossover’s platform, CROSSx, mirrors the electroniccommunication network (ECN) model popular in foreign exchange markets. Thesetup offers anonymous execution, deep liquidity, and tight spreads, characteristicsoften missing from retail-heavy crypto venues. For institutional investors, the added appeal lies inits separation of trade execution from custody, addressing counterparty riskconcerns that have dogged the industry since the collapse of severalcentralized platforms. The platform promises low-latency execution andcustomizable liquidity pools, two features designed to appeal to professionaltrading firms accustomed to fast, flexible environments. Rising Volumes and Strong Institutional Appetite The firm reported $13.5 billion in notional tradingvolume last year and says momentum is accelerating. In June 2024, Crossover raised $12 million ina Series A round led by Illuminate Financial and DRW Venture Capital. Thatinfusion helped scale operations and prepare for market expansion. Now, with institutional interest climbing, the firm isreportedly considering a new fundraising round to meet demand. Crossover is notalone in its pivot toward the US market. Trump’s pro-industry posture has reignited interestamong global crypto firms that had previously avoided the country due toregulatory hostility under the Biden administration and former SEC Chair GaryGensler.