Gate Ventures, the venture capital arm of Gate.io today announces its investment in the Crossover Markets Group, Inc. seed round, becoming its first crypto-native investor. With the focus on investments in decentralized infrastructure, ecosystems, and applications that will reshape the world in the digital age, Gate Ventures believes that the Crossover Markets Group is addressing the technology gaps necessary to aid in widespread institutional crypto adoption.
“The institutional trading landscape in the crypto space is far from mature. There will be a much greater institutional wave coming for the crypto assets in the next 3-5 years. We are very impressed by the Crossover team’s expertise in trading technologies, as well as their strong vision in their new crypto venture. Gate.io and Gate Ventures are committed to building a better financial infrastructure together with promising teams for the crypto ecosystem,” said Kevin Yang, Investment Director at Gate Ventures.
Crossover Markets Group, Inc is an advanced digital asset marketplace for institutional clients. Crossover’s matching technology is built to provide customizable interactions between maker and taker in disclosed, semi-disclosed and anonymous environments. This flexible and low-cost ecosystem provides taker clients with a tailored liquidity experience based on their desired conditions while protecting market makers from the toxic flow. Furthermore, makers and takers can choose to interact through private rooms using the Crossover Markets Smart Order Router and connectivity channels. In conjunction, pre and post-trade controls will be achieved in single-digit microseconds, making Crossover Markets one of the fastest exchanges in digital assets.
Brandon Mulvihill, CEO & Co-founder of Crossover Markets, said, “We are beyond 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 in digital assets, and we collectively believe that technology will help bridge the gap between TradFi and Crypto communities. We have taken the approach during our seed round that all of our investors should be strategic, and we are quite thankful to bring onboard the amazing team at Gate Ventures and Gate.io.”
Crossover Markets 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.
Crossover Markets will officially launch to global institutional clients later this year.
Established in 2013, Gate.io is one of the world’s earliest crypto exchanges. Gate.io has grown to serve over 10 million users across the world. It has been consistently ranked as one of the top 10 crypto exchanges based on liquidity and trading volume on CoinGecko and CoinMarketCap. Gate.io has been verified by the Blockchain Transparency Institute (BTI), and received a rating of 4.5 by Forbes Advisor, making it one of the Best Crypto Exchanges for 2021.
About Gate Ventures
Gate Ventures, the venture capital arm of Gate.io, is focused on investments in decentralized infrastructure, ecosystems, and applications that will reshape the world in the Web 3.0 age. Working with industry leaders across the world, Gate Ventures is able to help promising teams and startups that have the ideas to redefine social and financial interactions.