What market gap will the exchange target?
The three founders are creating a crypto exchange that aims to meet the needs of both traditional financial institutions (TradeFi) and crypto-native organizations that require low-latency infrastructure. Mazzarese emphasized the importance of latency in crypto trading, dispelling the misconception that it is a non-factor. From their institutional connections worldwide, the founders have identified a significant demand for reliable, round-the-clock technology that can provide the same service levels and customization that institutional investors are accustomed to in markets like equities and FX. This is the core offering of Crossover Markets Group Inc.
Challenges in market entry
The crypto industry has seen overwhelming institutional interest, with a study by Fidelity Digital Assets revealing that 70% of institutional investors plan to purchase or invest in crypto. The co-founders of Crossover Markets Group Inc. aim to bridge the gap between traditional institutional investors and the crypto market, addressing the significant barriers that institutions face. These include uncertainties around the custody of digital assets and the lack of exclusive institutional venues in the market.
Anthony Mazzarese views this gap as an opportunity for the company. He acknowledged the progress made by retail crypto exchanges in addressing some of these challenges, but stressed that there is a pressing need for dedicated institutional counterparties. He emphasized that institutional investors are not accustomed to trading on cloud-based or local technologies that lack proper support and expect quick response times and reliable trade confirmations.
Вземете KuCoin
Рейтинг: 9.3/10
Брой инструменти: 1304+ инструмента
Описание: Try a crypto exchange with top-tier support and low fees. Join KuCoin today!
Предупреждение за риск: Trading, buying, or selling cryptocurrencies is very risky and may not be suitable for everyone. Only invest what you can afford to lose.
›› Read KuCoin review ›› Visit KuCoin’s homepage
Използване на напреднала технология
Brandon Mulvihill noted that while most institutional investors have yet to fully embrace crypto, this is changing rapidly as the market matures. He believes that as the market matures, it will require technological innovation in the crypto exchange sector. There is a growing belief that the crypto industry could surpass traditional investment markets within a decade.
Crossover Markets Group Inc. benefits from the expertise of Vlad Rysin, whose experience in developing ultra-low latency exchanges for larger institutions will be crucial to the company’s success. This expertise enables Crossover Markets Group to build a crypto exchange with one of the fastest and most robust engines in the industry. By developing their platform from the ground up, the company is able to utilize cutting-edge technology, avoiding reliance on outdated legacy systems. Mazzarese highlighted this as a key differentiator for their exchange.
About the founders of Crossover Markets Group Inc
CryptoChipy conducted a background check on the founders of Crossover Markets Group Inc. Brandon Mulvihill and Anthony Mazzarese bring valuable experience from their five-year tenure at Jeffries. Both joined Jeffries in 2017 following the company’s acquisition of FXCM, where Brandon had served as Managing Director – Global Head of FXCM Pro since 2004. At Jeffries, Mulvihill served as Managing Director and Global Head of FX Prime Brokerage.
Anthony Mazzarese initially joined FXCM in 2004 before leaving in 2010 to head FX Margin Sales for Citi. He returned to FXCM in 2015 and later became the Global Head of FXPB Distribution at Jeffries Financial Group Inc.
История на компанията
The two former Jeffries executives are working with Vla Rysin, formerly the CTO at Euronext FX. Rysin is also one of the co-founders of FastMatch FX, an electronic trading platform for the spot foreign exchange market, which was founded in 2012. Euronext acquired a 90% stake in FastMatch in 2017 for $153 million, and Rysin became the CTO of the combined company. Prior to founding FastMatch, Rysin was the CTO at Credit Suisse’s fixed income clearing corporation division and led its core electronic trading operations.
