CoinRoutes Partners With Crossover For Greater Liquidity in Crypto Markets
Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only.
Crossover has revealed that it is now working with CoinRoutes, a crypto system that helps manage orders and trading for big companies. This new partnership lets CoinRoutes users choose and put together different pools of money for trading. CROSSx is now part of the CoinRoutes network.
This partnership will help make trading smoother, increase how much money can be traded, and give CROSSx users better access to the market. CoinRoutes users will also get to use the special money pools that CROSSx offers. CoinRoutes supports trading on more than 60 places, like both central and decentralized exchanges, and works with over 3,000 types of crypto through one app or a single API.
OKX Partnered With CoinRoutes To Provide Better Trading Tools For Large Companies
OKX, a cryptocurrency exchange and Web 3 technology firm is now working with CoinRoutes. According to reports, the goal of this partnership is to give better trading tools to big companies.
The companies have noted that big clients who have OKX accounts will now be able to trade using the API. The new partnership also brings in new ways to trade, like automatic spread trading and multi-asset trading, all with one order. These new features will give big clients more ways to trade.
Earlier, Crossover Markets, which was started by two ex-Executives at Jefferies, got $12 million in a Series A funding round. The round was led by DRW Venture Capital and Illuminate Financial.
Brandon Mulvihill, the Chief Executive Officer and Co-Founder of Crossover Markets said this funding comes at a time when the big companies are changing the way they trade in digital assets. He added that Illuminate has a lot of experience in working with big companies. DRW, one of the biggest multi-asset traders, brings its trading expertise to the table.
Earlier this year, Crossover made its cryptocurrency trading system, called CROSSx, bigger by working with Talos, a company that gives tools for trading digital assets to big clients. CROSSx was the first trading system to join Talos. This deal lets Talos users use special money pools, trade faster, and trade with smaller price differences.
Crossover Markets processed over $3.15 billion in trades in the first quarter of 2024
Crossover rolled out CROSSx last year to lower trading costs, improve how trades are done, and make market data better. Trading systems like CROSSx are common in forex, but it’s one of the first in the cryptocurrency world.
According to earlier reports, Crossover Markets handled over $3.15 billion in trading and processed 141 billion price quotes in the first three months of 2024.
Mulvihill said the market for digital assets is going through a big change because of the needs of big companies and their trading activity. At the same time, people are starting to talk about trading every day, all day, for regular assets.
