CrossTower’s Total Trading Volume Exceeds $150 Million in February

CrossTower, a US-based crypto Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term, announced that the company crossed $150 million in trading volumes during February, its highest level on record. The trading volumes have grown significantly since October 2020.

According to the official press release, the company now has over 55 institutional clients including 15 hedge funds and 17 market makers. CrossTower joined the Global Digital Asset and Cryptocurrency Association (DCA) last month.

The company recently launched a new capital markets desk to facilitate institutional clients. CrossTower introduced a new Bitcoin Fund in February that offers accredited investors exposure to Bitcoin through standard privately placed security. The crypto trading platform launched margin trading on CrossTower Global in February.

Commenting on the latest numbers, Kapil Rathi, CEO of CrossTower, said: “The rapid rise of our trading volumes is validation that our mission to bridge digital and traditional asset trading is incredibly well-timed. As this industry continues to mature and grow, participants are gravitating to CrossTower because our platform was built for institutional and individual investors with best-in-class safeguards, services and technologically advanced capabilities."

Institutional Interest in Crypto

CrossTower recently introduced structured products to help institutional clients capture market opportunity between crypto derivatives and spot prices. The cryptocurrency market is growing and global institutional investors are planning to take advantage of the latest surge in crypto prices. One of the largest firms in Norway, Aker ASA recently announced the launch of a dedicated Bitcoin unit to invest in the world’s largest cryptocurrency. Tesla, Grayscale, CoinShares, Square, MicroStrategy, Meitu and several other companies have purchased Bitcoin and other Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term in large amounts since the start of 2021. Binance CEO, Changpeng Zhao mentioned on Twitter this week that many companies in Asia are holding Bitcoin.

The cryptocurrency market is surging as the overall market cap touched $1.7 trillion today after Bitcoin jumped above $55,000 for the first time in nearly 2 weeks.