Today, Gate Ventures, the venture capital division of Gate.io, announced that it has invested in the Crossover Markets Group, Inc. seed round as the company’s first investor with experience in cryptocurrencies. Gate Ventures thinks the Crossover Markets Group is tackling the technological gaps required to support broad institutional crypto adoption with a focus on investments in decentralized infrastructure, ecosystems, and applications that will transform the world in the digital age.
Kevin Yang, Investment Director at Gate Ventures – “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 the 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.”
For institutional clients, Crossover Markets Group, Inc. offers a cutting-edge digital asset marketplace. In disclosed, semi-disclosed, and anonymous situations, Crossover’s matching technology is designed to offer maker and taker interactions that are completely adjustable. This adaptable and affordable ecosystem shields market makers from the toxic flow while offering taker clients a customized liquidity experience based on their preferred conditions. Furthermore, using the Crossover Markets Smart Order Router and communication channels, makers and takers can decide to communicate in private rooms. Along with being one of the quickest exchanges for digital assets, pre- and post-trade controls will be completed in single-digit microseconds.
“We are beyond 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 in digital assets, and we collectively believe that technology will help bridge the gap between TradFi and Crypto communities. We have taken the approach during our seed round that all of our investors should be strategic, and we are quite thankful to bring onboard the amazing team at Gate Ventures and Gate.io” – Brandon Mulvihill, CEO & Co-founder of Crossover Markets stated.
The three industry veterans Brandon Mulvihill, Anthony Mazzarese, and Vlad Rysin, who have strong histories in FX, Equities, Prime Brokerage, Trading, Technology, and Artificial Intelligence, co-founded Crossover Markets.
Later this year, Crossover Markets will formally introduce itself to international institutional clients.