[Digital Asset Trading Firm Crossover Completes $31 Million Series B Financing, Led by Tradeweb] According to Bloomberg, fixed-income trading giant Tradeweb Markets led the $31 million Series B financing round for digital asset trading firm Crossover Markets Group, with participation from DRW Venture Capital, Ripple, Virtu Financial, Wintermute Ventures, XTX Markets, and Illuminate Financial. The deal values Crossover at approximately $200 million. As part of the transaction, Tradeweb will leverage its algorithmic technology to route institutional clients' crypto orders through the platform, providing a direct gateway into the digital asset space. Crossover was founded in 2022 by seasoned foreign exchange market professionals from Jefferies and Euronext FX. Its CROSSx platform adopts an ECN model, separating trade execution from custody and credit. Since its launch, it has matched over $50 billion in notional trading volume.