According to BlockBeats, digital asset trading firm Crossover Markets has successfully raised $12 million in a Series A funding round. The round was led by Illuminate Financial and DRW Venture Capital, with participation from Flow Traders, Laser Digital, Two Sigma, and Wintermute.
In the previous month, Crossover Markets established a partnership with major broker Hidden Road. According to the company's CEO, Brandon Mulvihill, Crossover Markets is one of the few ultra-low latency electronic communication networks (ECN) in the cryptocurrency field. This development highlights the company's commitment to providing efficient and reliable digital asset trading services.
The successful funding round and the recent partnership with Hidden Road are expected to bolster Crossover Markets' position in the digital asset trading industry. The funds raised will likely be used to enhance the company's technology and expand its services, ensuring it remains competitive in the rapidly evolving cryptocurrency market.
