Gate Ventures to Invest in Crossover Markets Group

Gate.io and Gate Ventures announced on Tuesday that they have allocated investment in the Crossover Markets Group seed round. According to a press release shared exclusively with Finance Magnates, the firms believe that Crossover Markets Group is addressing the technology gaps necessary to aid in widespread institutional adoption.

Crossover Markets Group is an advanced digital asset marketplace for institutional investors. The firm was co-founded by Brandon Mulvihill, Anthony Mazzarese and Vlad Rysin, three industry veterans with extensive backgrounds in FX, equities, prime brokerage, trading, technology and artificial intelligence.

Mulvihill was the Managing Director and Global Head of FX Prime Brokerage for around five years. Between 2005 and 2017, he was an Executive Board Member and the Managing Director at FXCM. He earned a Bachelor of Arts in Economics from the University of California, Davis.

Crossover Markets will officially launch later this year to global institutional clients. In disclosed, semi-disclosed and anonymous environments, Crossover’s technology provides personalized interactions between maker and taker. Using Crossover Markets’ Smart Order Router and connectivity channels, Makers and Takers can interact through private rooms.

“Having Gate’s support is a testament to our fundamental belief that institutional clients require trading technology that can improve liquidity, not limit it. With the current volatility, it is more important now than ever that our marketplace connects institutional participants through customizable trading interactions to unlock siloed liquidity. This is a big milestone toward our official launch later this year,” Anthony Mazzarese, the Chief Commercial Officer at Crossover Markets, told Finance Magnates.

Moreover, Brandon Mulvihill, the CEO and Co-Founder of Crossover Markets, commented: “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.”