CrossTower has partnered with crypto market maker DV Chain to deliver deeper liquidity pools for institutional traders and exchanges.
DV Chain is a trading counterparty that enables efficient execution such as large block trades. It offers specialized services to institutional and other market participants so they can trade crypto through a variety of APIs and interfaces.
Kapil Rathi, CEO and Co-Founder at CrossTower, said: “Aligning with DV Chain, one of the most sophisticated and globally recognized crypto market makers, enables us to reach more institutions that need the deepest order books and the tightest possible spreads. They share our mission to deliver an exceptional client experience.”
Michael Rabkin, DV Chain’s Head of Global Partnerships and Institutional Sales, commented: “We’re excited to be partnering with Crosstower’s seasoned team that has built one of the industry’s most high-caliber crypto trading venues. This partnership allows Crosstower and their clients to tap into our world-class liquidity to support the company’s continued institutional expansion.”
Founded in 2019, CrossTower launched its multi-asset trading platform in 2020 and, in 2021, introduced a capital markets desk tailored to the needs of hedge funds, family offices, and other market participants.
Its U.S.-regulated digital asset exchange serves both retail and sophisticated institutional market participants. The firm has recently expanded its offering to include structured products, digital asset lending, and trade financing options, including credit card payments.
DV Chain, an affiliate of Chicago-based proprietary trading firm DV Trading, provides market-making services to institutional clients and exchanges, allowing them to trade a broad range of cryptocurrencies through a variety of APIs and interfaces.
In December 2019, QuantHouse added historical crypto data from DV’s trading exchange, DVeX. The venue is owned and operated by DV Chain, part of the DV Trading group of companies. As a liquidity provider and active market maker across a wide range of asset classes including cryptocurrencies, DV Trading used DV Chain to launch its own electronic OTC marketplace for all major cash cryptocurrency pairs, DVeX.