Crossover Markets Eliminates Trading Fees for Stablecoin Clients
Crossover Markets Eliminates Trading Fees for Takers
In a significant move to support the growing demand in the digital trading space, Crossover Markets has announced an exciting new initiative. The company will waive all commissions for Taker clients trading popular stablecoin pairs: USDT/USD and USDC/USD. This decision is designed to benefit brokers who use stablecoins as funding tools for retail accounts, along with Taker clients engaged on the CROSSx Crypto Electronic Communication Network (ECN).
Enhanced Trading Environment for Brokers
Brandon Mulvihill, Co-Founder and CEO of Crossover Markets, stated the importance of this change: "Retail brokers and industry participants without direct market access have faced significant fee pressure on their treasury trades to support stablecoins, with spreads and fees charged sometimes overwhelming. We believe by eliminating commissions on these trades, we can greatly enhance the trading environment for our clients on CROSSx.” Through this initiative, Crossover Markets is aiming to relieve the financial burden frequently faced by many brokers and retail customers.
The CROSSx Advantage
This initiative follows a growing demand from the marketplace for CROSSx, which is recognized as the first and fastest ECN in the cryptocurrency trading industry. Crossover's system has proven its reliability, consistently matching 99% of trades in under 10 microseconds and processing billions of quotes every day from multiple liquidity providers. Such speed enhances the overall efficiency of trading operations and provides users with a competitive edge.
Commitment to Reducing Trading Costs
Crossover Markets is dedicated to minimizing trading costs in the digital asset arena, focusing on speed and tailored liquidity through its innovative ECN model. This model is the backbone of their strategy to compress spreads effectively and deliver tight pricing options to their clients.
Best Execution Practices
The company doesn’t just prioritize speed and efficiency but also emphasizes advanced best execution practices. Every trade is scrutinized based on price, size, and timing, assessing several behavioral characteristics of each market maker and re-ranking them in real time. This level of detail ensures a fair and competitive trading environment that is essential for today's sophisticated traders.
About Crossover Markets
Crossover Markets is a pioneering digital asset trading technology firm committed to addressing the unique liquidity requirements of institutions within the cryptocurrency sphere. The company leads the way with its execution-only cryptocurrency ECN, CROSSx, which boasts one of the industry's fastest matching engines. With a leadership team experienced in FX trading, prime brokerage technology, and artificial intelligence, Crossover is poised to drive the emerging landscape in cryptocurrency trading.
If you're interested in learning more about Crossover Markets and their offerings, please visit their official website.
Frequently Asked Questions
What is the new initiative from Crossover Markets?
Crossover Markets has eliminated trading commissions for Taker clients dealing with USDT/USD and USDC/USD pairs.
How does this affect retail brokers?
This initiative will significantly lower trading costs for retail brokers, allowing for improved access to the market.
What technology does CROSSx utilize?
CROSSx employs a cutting-edge matching engine capable of processing trades in under 10 microseconds, ensuring high-speed execution.
How often are trades processed on CROSSx?
The CROSSx platform processes billions of quotes daily, showcasing its reliability and efficiency in the trading landscape.
What is the primary goal of Crossover Markets?
Crossover Markets aims to drive down the cost of trading digital assets while improving speed and liquidity tailored to client needs.
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