Digital brokerage GCEX and digital asset technology firm Crossover Markets Group have announced a partnership designed to expand current institutional spot cryptocurrency trading capabilities.
As part of the deal, GCEX has become the latest venue participant on Crossover’s execution-only crypto electronic communication network (ECN), CROXXx ECN.
GCEX will provide access to its brokerage and liquidity services for spot trading. GCEX clients will gain access to the liquidity pool.
“With the increasing demand for digital assets, we are delighted to be partnering with Crossover, providing even greater opportunities for our institutional clients to access deep liquidity in digital assets,” said Lars Holst, founder and CEO at GCEX.
Crossover’s ECN platform has seen several developments over the last year – including news in August that Cboe Digital had become the first firm to clear the venue.
“We are excited to welcome GCEX to the CROSSx ECN as our newest venue participant,” said Anthony Mazzarese, co-founder and chief commercial officer at Crossover Markets.
“Crossover’s focus on speed, throughput and operational efficiency will help GCEX achieve tighter spreads and a lower cost to trade across their client base of institutional and professional investors, and this partnership will further enhance spot crypto liquidity.”
