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      Crossover Markets Achieves $2 Billion in Trades via BitGo’s Go Network

      Crossover Markets has announced that its electronic communication network, CROSSx, has successfully cleared over $2 billion in trades through BitGo’s Go Network. This milestone highlights the increasing demand among institutional clients for crypto trading infrastructure that separates execution from custody, a model that mirrors traditional financial systems.

      CROSSx operates as an execution-only platform, matching buyers and sellers without handling client assets directly. It boasts single-digit microsecond latency, placing it on par with the speed of traditional equity trading venues. The anonymity of trades at the execution point is a significant feature for institutions dealing with large volumes of digital assets.

      BitGo’s Go Network serves as a central counterparty for net settlement, ensuring that assets remain in regulated custody throughout the trading process. This arrangement significantly mitigates counterparty risk, a major concern for institutional treasurers in the crypto space. Adam Sporn, BitGo’s Head of Prime Brokerage, emphasized that the $2 billion figure reflects a sustained institutional demand for risk management and operational efficiency in crypto trading.

      The partnership between Crossover Markets and BitGo began in April 2025, and the $2 billion milestone was reached in approximately 17 months. Crossover Markets reported nearly $5 billion in matched volumes in the year preceding this announcement, indicating a substantial portion of its institutional flow is now utilizing BitGo’s settlement services. Additionally, the company recently launched CROSSx Disclosed, a platform for relationship-based trading, further expanding its offerings in the institutional crypto market.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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