According to The Block, digital asset trading company Crossover Markets completed a $6.35 million seed round of financing, with participation from Two Sigma, Flow Traders, Laser Digital and Wintermute Ventures. Crossover Markets was co-founded by former Jefferies Head of FX Prime Brokerage Anthony Mazzarese and Brandon Mulvihill. Additionally, Crossover Markets launched CrossX, a cryptocurrency trading platform, to meet the liquidity requirements of institutions participating in the crypto market. The company stated that CrossX is many times faster than typical cryptocurrency exchanges, decouples trade execution from custody and brokerage, and will also support anonymous, public and semi-public transactions, with a transaction fee of 0.01% on the platform.