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Crypto Trading Platform CrossTower Raises $6M in Seed Round

CrossTower has raised $6 million in seed funding, with entrepreneur Gerard Lopez leading the round.

Güncellendi 10 Nis 2024 öö 2:56 Yayınlandı 22 Haz 2020 ös 12:16 AI tarafından çevrildi
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Crypto trading platform CrossTower announced Monday it raised $6 million in a seed funding round led by European tech investor Gerard Lopez.

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CrossTower said its platform supports highly active order books and tight spreads for crypto-to-crypto trading. Launched last month, users can trade nine of the most frequently traded cryptocurrencies on the crypto exchange operator’s platform, including bitcoin, ether, XRP and Zcash.

The firm’s co-founder and president, Kristin Boggiano, said CrossTower was launched at a time of change in the financial markets.

“Jurisdictions and governments around the world are increasingly embracing crypto finance to avail more efficient payment, trading and investment services,” she said.

She added that while the firm is not chasing a specific volume of users, its mission is to make investing in digital assets more mainstream.

“While CrossTower aims at a wide market, the institutional-ready approach is one of the founders’ most appealing and distinguishing strengths,” said Gerard Lopez, speaking about what attracted him towards making an investment in CrossTower’s platform.

CrossTower co-founder and CEO Kapil Rathi said what distinguishes the firm’s trading platform from all the others on the market was its “get paid to trade” pricing model. According to Rathi, the model upsets the status quo by offering rebates to takers and charging a nominal fee to market makers.

“This fee structure is designed to draw traders to the system as we will pay takers of liquidity 1 bps of the value of each trade,” Rathi said.

In his view, the model can also provide substantial liquidity to market makers.

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KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.

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  • KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
  • This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
  • Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
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  • Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.

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Coinbase CEO says Big banks now view crypto as an ‘existential’ threat to their business

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Brian Armstrong returns from World Economic Forum with message: traditional finance is taking crypto seriously

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  • Coinbase CEO Brian Armstrong said a top executive at one of the world’s 10 largest banks told him crypto is now the bank’s “number one priority” and an “existential” issue.
  • At Davos, Armstrong highlighted tokenization of assets and stablecoins as major themes, arguing they could broaden access to investments for billions while threatening to bypass traditional banks.
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