According to Bloomberg, Tradeweb Markets led a $31 million Series B funding round for the electronic communication network (ECN) platform Crossover Markets, with a post-money valuation of approximately $200 million. Other investors include DRW Venture Capital, Ripple, Virtu Financial, Wintermute Ventures, XTX Markets, and Illuminate Financial. Tradeweb plans to integrate institutional clients' crypto trading orders into the platform using its own algorithmic trading technology. Crossover adopts an ECN structure similar to the forex market, separating trade matching from custody and credit services to reduce systemic risks during market volatility. https://www.(wublock123.com)/index.php?m=content&c=index&a=show&catid=6&id=57584