Digital asset exchange operator CrossTower has announced USD150 million traded on its platform since its launch in May, and a record USD60 million in volumes traded in October. This makes CrossTower one of the fastest growing exchanges in the US, based on the value of instruments traded. CrossTower’s platform has been methodically built for institutional and individual investors with best-in-class safeguards, services and technologically advanced capabilities.
“The rapid rise of our trading volumes is a testament to our leadership in building a credible exchange and our commitment to compliance,” says Kapil Rathi, CEO of CrossTower. “Our bench strength and the rigour of our platform put us in a unique position to play a vital role in today’s evolving market structure, and demonstrate the reality that participants are shifting towards exchanges with a regulatory focus.”
The news of the firm’s USD60 million milestone follows the recent announcement last month in which CrossTower announced it was granted a Class M license to launch a sister exchange that now operates internationally out of Bermuda. CrossTower also recently announced three strategic new hires from crypto and finance heavyweights Kraken, Galaxy and Legg Mason.
