Moomoo Integrates Crossover Markets Execution Network for US Crypto Traders
Moomoo has partnered with Crossover Markets to give its U.S. retail investors access to the CROSSx digital asset execution network. Under the agreement, Moomoo will connect its trading platform to Crossover's routing technology located at the NY4 data center in New York. This integration will connect Moomoo's users to a broader network of digital asset liquidity providers and counterparties.
The partnership aims to bring traditional market execution standards to retail cryptocurrency trading. By utilizing Crossover’s liquidity aggregation and smart order matching technology, Moomoo expects to improve trade performance. The CROSSx electronic communication network is designed to process orders with sub-10-microsecond response times, which helps maintain stable execution even during periods of extreme market volatility.
Moving forward, observers will watch how this technological upgrade impacts retail trading volumes and execution quality on Moomoo's platform, which provides cryptocurrency trading alongside its wider investment offerings in the U.S. Additionally, market participants will monitor whether Crossover Markets, recently valued at $200 million after a $31 million funding round, secures further partnerships with other retail brokerage firms.
Key points
- Moomoo is partnering with Crossover Markets to integrate the CROSSx digital asset execution network for U.S. retail traders.
- The integration connects Moomoo's trading interface to Crossover's routing technology at the NY4 data center in New York.
- The technology provides access to liquidity aggregation, smart order matching, and a network of digital asset counterparties.
- CROSSx is designed to handle volatile markets with order processing speeds of under 10 microseconds.
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How we writeDisclaimerQuestions and answers
What is the partnership between Moomoo and Crossover Markets?
Moomoo is partnering with Crossover Markets to give U.S. retail investors access to the CROSSx digital asset execution network for cryptocurrency trading.
How does the CROSSx network improve crypto trading on Moomoo?
The network offers liquidity aggregation, smart order matching, and sub-10-microsecond processing times to maintain trade performance during market volatility.
Where will the Moomoo and Crossover technology integration take place?
Moomoo will connect its trading interface to Crossover's routing technology at the NY4 data center in New York.