Crossover has announced its integration with CoinRoutes, a crypto Order & Execution Management System (OEMS) aimed at institutional clients.

This integration enables CoinRoutes users to customize and aggregate liquidity pools, as CROSSx becomes part of CoinRoutes' network.

CROSSx Adjusts Trade Execution

The integration is expected to enhance liquidity, trade execution, and market access for CROSSx users. CoinRoutes clients will also benefit from CROSSx’s unique liquidity offerings. CoinRoutes supports trading across more than 60 centralized and decentralized exchanges and liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term providers, covering over 3,000 crypto assets via a single API or trading app.

Meanwhile, OKX, a cryptocurrency exchange and Web 3 technology company, has partnered with CoinRoutes, as reported by Finance Magnates. The partnership is intended to offer enhanced trading services to institutional clients.

According to a statement released by both companies, institutional users with OKX accounts will have access to API-enabled trading services. The collaboration introduces additional order types, such as automated spread trading and multi-asset Multi-Asset Composed of varying asset classes, multi-asset is a blanket designation combining different classes such bonds, equities, cash equivalents, fixed income, and alternative investments.When compared to traditional balanced funds, multi-asset solutions differ because they target specific investment outcomes. This includes outcomes such as return above inflation as opposed to gauging performance against standardized benchmarks.Given the composition of multi-asset classes, they need to be dynamically Composed of varying asset classes, multi-asset is a blanket designation combining different classes such bonds, equities, cash equivalents, fixed income, and alternative investments.When compared to traditional balanced funds, multi-asset solutions differ because they target specific investment outcomes. This includes outcomes such as return above inflation as opposed to gauging performance against standardized benchmarks.Given the composition of multi-asset classes, they need to be dynamically Read this Term trading within a single order. These features are designed to expand trading options for institutional users.

Crossover Secures $12 Million and Integrates CROSSx with Talos

Earlier, Crossover Markets Group, founded by two former Jefferies executives, has secured $12 million in a Series A funding round. The funding was led by Illuminate Financial and DRW Venture Capital.

The company launched CROSSx, a crypto electronic communication network, last year, aiming to reduce trading costs, improve execution quality, and enhance market data capabilities. While ECNs are common in forex, CROSSx is among the first in the cryptocurrency industry.

As previously reported by Finance Magnates, Crossover Markets managed over $3.15 billion in notional trading value and processed 141 billion quotes in the first quarter of 2024.

Back in May this year, Crossover extended its cryptocurrency electronic communication network, CROSSx, through an integration with Talos, a provider of institutional technology for trading digital assets. CROSSx was the first ECN integrated with Talos. This integration will offer Talos users customized liquidity, high-speed trade execution, and tight spreads.