Crossover Markets the institutional digital asset trading technology firm has announced the official launch of CROSSx Disclosed. Through Disclosed, CROSSx provides institutional participants the flexibility to build custom liquidity pools by selecting from more than 30 OTC liquidity providers. Institutions can leverage CROSSx’s API adapters to connect directly with these counterparties and negotiate spreads, depth, and settlement terms. Additionally, participants can leverage post trade integrations between CROSSx and prime brokers such as Ripple Prime and BitGo Prime to net settle all activity across the platform while maintaining direct, liquidity management relationships with market makers.
“CROSSx Disclosed is a natural and complementary evolution of our anonymous marketplace,” said Brandon Mulvihill, Co-Founder and CEO of Crossover Markets. “Demand is sky high for high performing, low latency systems that provide connectivity across the ecosystem, and CROSSx delivers this in spades, with single digit microsecond matching and the ability to execute 1 million orders per second. The game changer here is that CROSSx connectivity spans across prime brokers, notably Ripple Prime where CROSSx Disclosed clients can access 30+ makers while net settling with Ripple Prime, thus materially driving down total costs to trade.”
