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Crossover Markets
An advanced digital asset marketplace for institutional clients
About Crossover Markets
Crossover Markets is a revolutionary startup that operates in the cryptocurrency market, providing an advanced trading platform with ultra-low-latency and high throughput capabilities. Its primary clients are liquidity providers and liquidity takers, who benefit from the platform's ability to execute millions of trades per second, significantly faster than typical crypto exchanges.
The company's business model is unique in that it does not offer custody or brokerage services, nor does it engage in credit transactions with its clients. This approach eliminates the potential conflicts of interest that are common in the crypto exchange industry. Instead, Crossover Markets focuses on creating custom dark and lit liquidity pools, allowing clients to trade based on their specific needs, such as trade size, spread, toxicity, and skew protection.
Crossover Markets' advanced matching technology, combined with its complex interaction rules and smart order routing, offers a significant advantage over the traditional central limit order book model prevalent in the crypto market today. All interactions between makers and takers are customized based on flow characteristics and unique liquidity needs.
The team behind Crossover Markets has decades of experience in the financial industry, including electronic FX trading solutions and leading global financial institutions. The company's CEO, Brandon Mulvihill, is a pioneer in online brokerage and has a strong background in electronic execution, market making, clearing, and prime brokerage businesses.
In summary, Crossover Markets is a high-speed crypto trading platform that offers a unique and conflict-free trading environment, backed by a team with extensive industry experience.
Source: Dealroom company dataAt a glance
- Status
- Operational
- Founded
- 2022
- Headquarters
- New York City, United States
- Employees
- 20
- Open positions
- None listed
- Dealroom signal
- 74.8/100
- Industry
- Fintech
- Sub-industry
- Crypto and DeFi
- Sector
- Fintech, Crypto Exchange, Crypto Custodian, Defi, Hard Tech
- Technology
- Blockchain
- Business model
- Marketplace & ecommerce
- Client focus
- b2b
Knowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| SERIES BOther financing | Mar 2026 | $31M | $200M | Wintermute · Ripple · Illuminate Financial · DRW Venture Capital | ↗ |
| SERIES AOther financing | Jun 2024 | $12M | $48M | Two Sigma Investments · ThinkMarkets · TMGM · Laser Digital | ↗ |
Financials
Revenue, earnings and other financial measures where available. Years marked “E” are estimates.
Growth signals
Latest recorded traffic for Crossover Markets is 3.1K monthly website visits, down 29.5% over the last three months. Crossover Markets's team grew 5.3% over the past year.
Similar companies
Company identity and context are open; selected comparison metrics preview what is available on the platform.
Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Seed5 investors entered at this stage
Gate Ventures
Two Sigma Investments
Flow Traders
Wintermute
Laser Digital
Series A12 investors entered at this stage
Illuminate Financial
DRW Venture Capital
ThinkMarkets
TMGM
Pepperstone Group
GMO Internet
Gate Labs
Exness
TradeWeb Markets
Ripple
Virtu
XTX Markets
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about Crossover Markets on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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