Key Takeaways
- • Moomoo has integrated Crossover Markets' CROSSx digital asset execution network into its US retail crypto trading platform, connecting through NY4 infrastructure in New York to access liquidity providers and counterparties.
- • CROSSx is an execution-only electronic communication network capable of processing crypto orders with sub-10-microsecond order-to-acknowledgement times and handling elevated market data volumes during volatility periods.
- • The partnership grants Moomoo US access to Crossover's liquidity aggregation and Smart Order Matching technology, positioning the platform to deliver execution standards comparable to traditional asset markets for cryptocurrency traders.
- • Moomoo, which serves over 30 million investors globally, launched US crypto trading last year via Coinbase infrastructure and subsequently expanded its offering to include 52 cryptocurrencies, wallet deposits, and withdrawals.
- • Crossover Markets raised $31 million in a Series B funding round led by Tradeweb in March, achieving a $200 million valuation prior to this strategic partnership announcement.
Summary
Moomoo has expanded its US cryptocurrency trading capabilities through a strategic integration with Crossover Markets' CROSSx execution network. Under the agreement, Moomoo will connect its trading interface to CROSSx's routing technology housed at NY4 in New York, granting the platform direct access to Crossover's network of digital asset liquidity providers and counterparties. This infrastructure partnership represents a significant upgrade to Moomoo's crypto execution capabilities for retail investors.
CROSSx operates as an execution-only electronic communication network for digital assets, engineered to deliver institutional-grade performance. The system processes orders with sub-10-microsecond order-to-acknowledgement times and is designed to handle elevated volumes of market data and order requests during periods of volatility. Through the integration, Moomoo users will gain access to Crossover's liquidity aggregation and Smart Order Matching technology, positioning the platform to offer execution standards previously limited to traditional financial markets.
Moomoo launched cryptocurrency trading in the US last year with infrastructure support from Coinbase. The platform has since expanded its Texas crypto operations to include wallet deposits and withdrawals alongside a suite of 52 cryptocurrencies available for trading. The company, which serves more than 30 million investors globally across multiple asset classes, is positioning itself as a diversified retail investment platform. The Crossover partnership reflects broader maturation in digital asset markets, with CEO Neil McDonald noting that investors increasingly expect execution standards consistent with traditional equities and derivatives markets. Crossover Markets achieved a $200 million valuation in March when Tradeweb led its $31 million Series B funding round, validating the strategic importance of institutional-grade crypto execution infrastructure.
CROSSx operates as an execution-only electronic communication network for digital assets, engineered to deliver institutional-grade performance. The system processes orders with sub-10-microsecond order-to-acknowledgement times and is designed to handle elevated volumes of market data and order requests during periods of volatility. Through the integration, Moomoo users will gain access to Crossover's liquidity aggregation and Smart Order Matching technology, positioning the platform to offer execution standards previously limited to traditional financial markets.
Moomoo launched cryptocurrency trading in the US last year with infrastructure support from Coinbase. The platform has since expanded its Texas crypto operations to include wallet deposits and withdrawals alongside a suite of 52 cryptocurrencies available for trading. The company, which serves more than 30 million investors globally across multiple asset classes, is positioning itself as a diversified retail investment platform. The Crossover partnership reflects broader maturation in digital asset markets, with CEO Neil McDonald noting that investors increasingly expect execution standards consistent with traditional equities and derivatives markets. Crossover Markets achieved a $200 million valuation in March when Tradeweb led its $31 million Series B funding round, validating the strategic importance of institutional-grade crypto execution infrastructure.
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