Crossover Expands into US Markets Amid Favorable Regulatory Shift and Rising Institutional Interest

Crossover is officially entering the United States, capitalizing on a more favorable regulatory environment and growing institutional demand for crypto services. CEO Brandon Mulvihill noted an immediate surge in inquiries from US institutions following recent political developments, signaling a pivotal moment for market expansion.

The firm's CrossX electronic communications network positions it uniquely as over-the-counter trading gains traction in crypto markets. Mulvihill draws parallels to traditional forex markets, where OTC trading eventually dominated exchange-based activity. Crossover currently serves as the largest OTC destination cleared by Hidden Road, underscoring its institutional credibility.

Founders' traditional finance backgrounds provide strategic advantage in bridging crypto and legacy systems. Market makers and Quant hedge funds are increasingly migrating from exchange-based trading to OTC solutions, mirroring the evolution of foreign exchange markets.