In a recent feature for e-FOREX, Crossover Markets Co-Founder and CEO Brandon Mulvihill shared an in-depth look at CROSSx, the first execution-only trading venue purpose-built for institutional spot cryptocurrency trading.
Brandon walks through how CROSSx’s ultra-low latency matching engine processes up to one million orders per second with single digit microsecond performance and explains why decoupling execution from custody and brokerage is critical for institutional participants — a structural lesson reinforced by the October 10, 2025 market event.
He also explores the key advantages of moving beyond the CLOB model that dominates crypto today, how CROSSx aligns with the separation-of-duties standards long established in FX and equities, and how its recent Series B funding round led by Tradeweb is shaping its evolution.
This article originally appeared in e-FOREX – click here for more.
