CrossTower has hired 25-year exchange industry veteran, Bryan Christian, as Global Head of Exchange to manage the firm’s US and global exchanges, product expansion, and growth of the company’s transaction business.
The operator, which is a fast-growing crypto investment and trading firm, has surpassed $1 billion dollars in trading volumes for the first time since its trading platform launch last year. CrossTower offers investment products, lending services and operates execution platforms for digital assets.
Prior to joining CrossTower, Bryan Christian served as Head of Institutional Services for ETF market maker Old Mission and Head of Sales at Cboe Global Markets.
Kapil Rathi, co-Founder and CEO at CrossTower, said: “We are excited to welcome Bryan and to add his deep market structure and product experience to the CrossTower bench at this important stage of our company’s growth. Bryan brings a passion and expertise that will help us bring more participants to this emerging asset class.”
Bryan Christian, as Global Head of Exchange at CrossTower, commented: “With more institutions and individuals looking for a safe way to enter the crypto markets, my focus will be to continue our rapid global expansion and to deliver the highest level of customer service while maintaining a reliable and regulated marketplace,” said Christian.
In addition to the hire, the exchange company also announced the launch of Running4Oxygen, which is raising funds for COVID-19 patients in dire need of health supplies in India.
CrossTower has many employees in India, including Rathi, personally impacted by the crisis. The company took active steps this month and launched #Running4Oxygen to help the relief effort along with Khalsa Aid USA.
In May, CrossTower partnered with digital asset trading platform Omniex to enter its liquidity network which covers the industry’s most trusted exchanges and OTC (over-the-counter) venues.
Omniex’s algorithmic trading and smart order routing tools give asset managers, active traders, and intermediaries including broker-dealers and OTC desks, consolidated order books across the top venues.
Now including CrossTower, Omniex customers are now able to access deep and liquid order books at CrossTower US and Global exchanges. Omniex brings best execution to buyside and sellside market participants.
CrossTower has recently reported a 200% increase in its month-over-month (MoM) trading volumes, making it one of the fastest-growing U.S.-regulated digital asset exchanges.
The firm has launched a capital markets desk with an expanded offering, such as structured products, lending, and trade financing options, now including credit card payments.
The operator supports trading in Bitcoin, Ether, Litecoin, USDC, Bitcoin Cash, Stellar, Chainlink, Basic Attention Token, ZCash, 0x, MakerDAO MKR, MakerDAO DAI, and Numeraire. The firm has most recently added Dogecoin to its offering.