A pair of former Jefferies Financial Group Inc. executives at Crossover Markets Group have launched a cryptocurrency exchange aiming for high-frequency traders, with the backing of quant investing giant Two Sigma and other firms in traditional finance and digital assets.
Brandon Mulvihill and Anthony Mazzarese, who left Jefferies’s foreign-exchange prime brokerage division last March, are debuting the crypto trading venue, named CROSSx, with Vlad Rysin, previously chief technology officer at Euronext FX. The startup raised $6.35 million in seed round financing from New York-based Two Sigma, Nomura’s digital assets business Laser Digital, Wintermute, Flow Traders and a group of retail brokers, among others.
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