Gate.io and Gate Ventures are pleased to announce an investment in Crossover Markets Group, Inc.’s seed round. Gate Ventures is focused on the digital asset ecosystem and believes Crossover Markets Group will fill these technology gaps needed to support broad institutional adoption.
Gate Ventures Is Investing in Crossover Markets Group
“The institutional trading landscape in the crypto space is far from mature. There will be a much greater institutional wave coming for the crypto assets in the next 3–5 years. We are very impressed by Crossover team’s expertise in trading technologies, as well as their strong vision in their new crypto venture. Gate.io and Gate Ventures are committed to building a better financial infrastructure together with promising teams for the crypto ecosystem,” said Kevin Yang, Investment Director at Gate Ventures.
“We are thrilled to have Gate.io participate in our seed round as we aim to accelerate institutional adoption of digital assets through ultra-low latency trading technology. Gate is a long-standing industry leader, notably having amassed a significant retail consumer base. As an industry expert, Gate’s partnership with Crossover reinforces our thesis that institutional specific technology is required to unlock liquidity and pave the roadway for institutional demand. Crossover is quite thankful to onboard a strategic investor and we welcome the amazing team at Gate Ventures & Gate.io. to the Crossover Markets Group.” – said Brandon Mulvihill, CEO & Cofounder of Crossover Markets.
Сrossover Markets Group, Inc is a progressive digital asset marketplace serving institutional investors. Crossover’s matching technology is designed to provide customizable interactions between producers and buyers in disclosed, semi-disclosed, and anonymous environments.
This flexible and cost-effective ecosystem protects market makers from toxic flows while providing taker clients with a tailored liquidity experience based on their desired terms. Makers and takers can choose to interact with the crossover market’s smart order routers and connection channels through private rooms. This, along with pre-trade and post-trade controls, is achieved in single-digit microseconds, making Сrossover Markets one of the fastest digital asset exchanges.
Сrossover Markets was founded by Brandon Mulvihill, Anthony Mazzarese and Vlad Rysin, three industry veterans with extensive experience in FX, equities, prime brokerage, trading, technology and AI. Crossover Markets will officially open to global institutional clients later this year.
Gate.io
Founded in 2013, Gate.io is one of the earliest crypto exchanges in the world. Gate.io has grown and serves over 10 million users worldwide. It is consistently ranked among the top 10 cryptocurrency exchanges based on liquidity and trading volume on CoinGecko and CoinMarketCap. Gate.io is verified by the Blockchain Transparency Institute (BTI) and rated 4.5 by Forbes Advisor, making it one of the best crypto exchanges of 2021.
Gatе Vеnturеs
Gate.io’s venture capital arm, Gate Ventures, is focused on investing in the distributed infrastructure, ecosystems and applications that are reshaping the world in the Web 3.0 era. By working with industry leaders around the world, Gate Ventures is able to help promising teams and start-ups with ideas that redefine social and economic interaction.
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