Crossover Markets Processes $2 Billion in Transactions Through BitGo

Crossover Markets has processed over $2 billion in transactions through BitGo's Go Network. The duration of the transactions and the composition of the clients have not been disclosed. Transactions were settled through Crossover Markets' ECN CROSSx, and this figure has not been confirmed in an official announcement. CROSSx is a trading network that connects buyers and sellers without holding customer assets. BitGo's Go Network is structured to reduce settlement risk by separating trade execution and asset custody. The two companies announced their collaboration in March 2025, with services expected to begin in April 2025. However, the exact timing of reaching the $2 billion milestone has not been disclosed. Crossover Markets plans to launch CROSSx Disclosed in May 2026, introducing a structure that allows liquidity providers to establish relationships while disclosing trading counterparties. This case demonstrates the use of a structure that separates execution, custody, and settlement in institutional virtual asset trading.

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