Crossover Markets announced the successful completion of its $31 million Series B financing round. The round values Crossover at $200 million and was led by Tradeweb Markets with participation from industry leaders including DRW Venture Capital, Ripple, Virtu Financial, Wintermute Ventures, XTX Markets, and Illuminate Financial.
Brandon Mulvihill, Co-Founder and CEO of Crossover Markets, told Bloomberg News:
“Flows are moving away from exchanges into OTC. Institutional customers are demanding a separation of duties. The firm is doubling the business year over year.”
This article originally appeared in Bloomberg News – click here for more.
