US-based digital asset trading technology firm Crossover Markets has expanded its global footprint to support US-domiciled institutions, enabling them to trade select spot cryptocurrencies on its CROSSx ECN, the firm said.

The move marks a milestone as Crossover serves as a gateway between the worlds of traditional finance and digital assets on a global scale.

The expansion is supported by the firm's prime brokerage partners, Hidden Road and BitGo, bringing fungibility and liquidity across multiple trading venues.

Crossover has made a strategic expansion into the US in response to growing institutional demand for digital assets fueled by increasing regulatory clarity in the US.

Crossover is currently onboarding the US entities of multiple leading market makers, hedge funds, asset managers, ETF providers and retail brokers, and is expected to be operational by the end of Q3 2025.

To support the expansion into the US, CROSSx is now accessible via NY4, bolstering its existing infrastructure in LD4 (London) and AWS Tokyo to create a globally distributed network for institutional digital asset trading, marking a significant milestone in the firm's mission to bridge traditional finance expertise with the evolving digital asset ecosystem.

By enabling US-domiciled entities to access the high-performance, execution-only trading venue that Crossover already provides to many institutional clients outside the US, the firm is providing an entrance for the institutional trading community to interact with the crypto markets in the same way they do with more mature asset classes.

The fungibility enabled by Crossover's credit intermediaries, which allows clients to seamlessly buy cryptocurrencies on one venue and sell them on another, is a hallmark of traditional finance that dramatically reduces settlement risk and increases capital efficiency.

While Crossover's execution-only model and high-performance technology remain unique in the crypto space, it is familiar to institutional investors.

Crossover also announced that its Co-Founder & CCO Anthony Mazzarese, who has led the firm's London office since he opened it two years ago, has relocated to the US to support the firm's expansion.

Crossover Markets is a digital asset trading technology firm focused on meeting the unique liquidity requirements of institutions in the cryptocurrency markets.

CROSSx, the company's execution-only cryptocurrency Electronic Communication Network, is powered by the industry's fastest and most advanced matching engine and includes order logic that enables clients to choose with whom they want to trade.

Led by a team with decades of FX trading, prime brokerage technology and artificial intelligence experience, Crossover is ushering in the next big wave of institutions in the crypto market.