Digital-asset trading firm Crossover Markets Group Inc. is preparing to debut its platform in the US as President Donald Trump’s pro-industry agenda drives institutional interest in cryptocurrencies and sets the stage for more favorable regulations in the world’s largest economy.
Founded in 2022 by FX market veterans Brandon Mulvihill and Anthony Mazzarese — formerly of Jefferies Group’s foreignexchange prime brokerage — along with Vladislav Rysin, ex-chief technology officer at Euronext FX Inc., the firm has been laying the foundations for serving US institutions since Trump’s election win, according to Chief Executive Officer Mulvihill. The London-based firm had previously steered clear of US clients.
Trump’s return to the White House has brought renewed interest in the US market among global crypto firms, following a period of regulatory crackdown under his predecessor Joe Biden and former Securities and Exchange Commission Chair Gary Gensler. Trump has pledged to support the industry, appointing friendly regulators and pushing for pro-crypto legislation.
“We’ve been laying the operational groundwork needed to onboard US participants so they can trade on the platform,”Mulvihill said in an interview. The company intends to start bringing on clients in the second quarter, “with live tradingexpected by the end of Q2, or potentially early Q3,” Mulvihill added.
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