# Crossover Markets Group

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/crossover-markets-group

- Industry: Financial Services
- Headquarters: Bernardsville, US
- Website: www.crossovermarkets.com/
- Total disclosed funding: $49M
- Latest round: Series B (Mar 4, 2026)
- Investors on record: 17

## About

Founded in 2022 by Brandon Mulvihill, Anthony Mazzarese, and Vlad Rysin, and based in New York, US, Crossover Markets Group, Inc. operates as a digital asset marketplace that offers the trade of cryptocurrencies.  The company offers a digital exchange marketplace platform used for buying and selling digital assets including cryptocurrency trade execution and supports clients for direct trade without broker and custody. The company offers liquidity customization, enabling clients to create custom dark and lit liquidity pools for trading. In addition, the firm’s technology is quote-driven matching technology connected with interaction rules and smart order routing that allows to creation central limit order book (CLOB) model that is prevalent in crypto. CROSSx, is an execution-only cryptocurrency Electronic Communication Network (ECN). In March 2026, Crossover Markets Group, Inc. raised USD 31 million in series B funding led by Tradeweb Markets LLC, with participation from Ripple Ventures, Virtu Financial, XTX Ventures, Wintermute Ventures, Illuminate Financial, and DRW Venture Capital. The company plans to use the March 2026 funding to expand its CROSSx trading platform and work with Tradeweb to provide institutional clients with access to spot crypto liquidity through integrated order-routing technology.

## Funding rounds

- Series B, Mar 4, 2026, $31M — Virtu Financial, Tradeweb Markets LLC, Illuminate Financial, DRW Venture Capital, Ripple Ventures, XTX Ventures, Wintermute Ventures
- Series A, Jun 26, 2024, $12M — Illuminate Financial, DRW Venture Capital
- Seed, Mar 21, 2023, $6.3M — Two Sigma Investments, Flow Traders, Pepperstone Group Limited, GMO Internet Group, Gate.io, Laser Venture Capital, Wintermute Ventures, Think Markets, Exness Ltd., TMGM
- Seed, Jul 12, 2022 — Gate Ventures

## Investors

- Gate Ventures (https://capitalatlas.ai/funds/gate-ventures) — Seed
- Two Sigma Investments (https://capitalatlas.ai/funds/two-sigma-investments) — Seed
- Flow Traders (https://capitalatlas.ai/funds/flow-traders) — Seed
- Pepperstone Group Limited — Seed
- GMO Internet Group — Seed
- Gate.io — Seed
- Laser Venture Capital (https://capitalatlas.ai/funds/laser-venture-capital) — Seed
- Wintermute Ventures (https://capitalatlas.ai/funds/wintermute-ventures) — Seed, Series B
- Think Markets — Seed
- Exness Ltd. — Seed
- TMGM — Seed
- Illuminate Financial (https://capitalatlas.ai/funds/illuminate-financial) — Series A, Series B
- DRW Venture Capital (https://capitalatlas.ai/funds/drw-venture-capital) — Series A, Series B
- Virtu Financial — Series B
- Tradeweb Markets LLC — Series B
- Ripple Ventures (https://capitalatlas.ai/funds/ripple-ventures) — Series B
- XTX Ventures (https://capitalatlas.ai/funds/xtx-ventures) — Series B