CDS Startups Gate Ventures Announces Investment in Crossover Markets Group
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Gate Ventures Announces Investment in Crossover Markets Group

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Gate Ventures Announces Investment in Crossover Markets Group
Gate Ventures Announces Investment in Crossover Markets Group

Gate Ventures, the investment arm of Gate io, announced an investment in Crossover Market Group, a digital asset marketplace developed for institutional clients.

Gate Ventures Announces Investment in Crossover Markets Group

Although Crossover is not yet live, it has already created a buzz in the market. The platform develops products to meet the liquidity needs of institutional clients in spot and derivatives markets. This is provided by its product called CrossX ECN. The high-functionality product allows institutional clients to trade much faster than regular crypto exchanges. Kevin Yang, Investment Director at Gate Ventures, said:

“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.”

Crossover Markets Group& Gate Ventures

The platform provides its services by adopting the concept of Execution Only. This means it does not offer any custody or brokerage services. Crossover claims to have the lowest trading fees in the market. All transactions are set at 0.01% for liquidity makers and 0.01% for liquidity takers. Brandon Mulvihill, CEO & Cofounder of Crossover Markets, said:

“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.”

Crossover Markets Group

About Gate Ventures

It is the investment arm of Gate.io, a well-known cryptocurrency exchange. The company’s investments are focused on decentralized infrastructures, ecosystems, and Web3. It helps promising projects by supporting the companies it invests in from start to finish.

References

www.medium.com

www.crossovermarkets.com

Written by
oguz

The author is a political science and public administration student at Kocaeli University. He is also studying Management Information Systems at Anadolu University. He met Blockchain technology and Cryptocurrencies for the first time in 2019. Interested in cryptocurrencies for over 2 years. In addition he provides E-commerce and social media marketing services.

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