Crossover Markets raises $31M in Series B funding

Digital asset trading firm Crossover Markets has raised $31 million in a Series B funding round, Cointelegraph reported. The round was led by Tradeweb, with participation from DRW Venture Capital, Ripple, Virtu Financial, Wintermute Ventures, Illuminate Financial, and XTX Markets. The company was valued at $200 million. The funds will be used to expand CROSSx, Crossover's crypto electronic communication network for institutional trading.