As the popularity of cryptocurrencies continues to soar around the globe, so is the demand for secure and reliable crypto trading platforms. Many online investors seek reputable platforms that offer advanced tools and innovation to help them stay ahead of the market. In response, many platforms are partnering with other fintech companies, offering users high-quality services and access to cutting-edge technologies. The latest partnership to emerge is between Crossover Markets, a leading crypto trading platform, and Hidden Road, a credit network company.
The alliance aims to provide users with a more comprehensive trading experience with enhanced credibility and security. This partnership will deliver services to users who want to earn extra revenue by leveraging their crypto holdings through secure loans while executing trades. With the integration of the two platforms, users will now be able to access a wide range of innovative trading tools that enable them to make informed trading decisions and maximize their profits.
Launched in 2018, Crossover Markets is a blockchain-powered trading platform that provides users with tools to trade Ether and ERC20 tokens. It allows users to trade, lend, borrow and earn via its unique Auto Trading system, which allows investors to set up automated trades based on specific market trends and data.
Crossover Markets has earned a stellar reputation for its exceptional customer services, dedicated support, and secure platform. It offers advanced security features such as two-factor authentication (2FA), cold storage, and withdrawal limits to curb losses.
Hidden Road provides credit and loan services to clients on the backbone of its blockchain-powered credit network. The platform enables borrowers to leverage their crypto holdings to access loans with attractive interest rates. Hidden Road’s credit network functions as a credit rating system that monitors borrowers’ performance. Its Artificial Intelligence (AI)-driven credit rating mechanisms reduce the risk of bad debt and enhance transparency.
Crossover Markets and Hidden Road Partnership
The partnership between Crossover Markets and Hidden Road will offer mutual benefits to their users. The partnership aims to expand traders’ access to the lucrative world of decentralized finance (DeFi) and real-time market data.
Crossover Markets’ clients will now have access to Hidden Road’s credit network, expanding their opportunity to gain crypto-backed loans, a major plus for investors in the crypto markets. Traders can leverage their cryptocurrency assets to secure loans for trading and other financial ventures.
More so, Hidden Road’s credit network will provide traders with a way to balance risk and return, reducing the chance of downside exposure that can lead to losses. This will give traders more confidence to execute more trades and, in turn, maximize profits.
On the other hand, Hidden Road clients can now use Crossover Markets to trade or lend their crypto-assets. They will also gain access to the remarkable auto-trading tool offered by Crossover that provides investors with a dynamic trading experience. The advanced trading tools offered by Crossover Markets will significantly help Hidden Road’s clients make informed trading decisions.
In his statement, Lyndon Wood, Founder of Hidden Road Finance, said, “Our partnership with Crossover Markets will contribute to the growth of decentralized finance. This partnership comes as a result of our mission to make it easy for everyone to access DeFi and take advantage of the benefits it offers.”
John Chen, Founder of Crossover Markets, also praised the partnership saying, “Crossover Markets strongly believes in positioning our clients to benefit from all innovative fintech developments. Our alliance with Hidden Road Finance reinforces our commitment to stay ahead of the market and offer our clients the best financial products available.”
Amidst the surge in the crypto market, the partnership between Crossover Markets and Hidden Road comes as a timely addition to the crumping market. With an unimaginable rise in traders’ number and trading volume, traders need a platform that satisfies their personal goals and offers them the ability to balance risk and return. The Crossover and Hidden Road partnership is the perfect answer to the evolving customer needs in crypto trading. With the integration of Hidden Road’s credit network and Crossover Markets trading tools, clients will now have access to a more comprehensive trading experience that places more control in their hands. Together, Crossover Markets and Hidden Road will drive the growth of fintech and offer value-added services to their clients.
Prime brokerage and other trading services provider, Hidden Road, has partnered with Crossover Markets to offer customers access to its crypto trading platform, CROSSx. Crossover operates as an execution-only platform, which differs from centralized exchanges as it requires customers to have a credit sponsor to trade. As there is no settlement option or exchange option, customers cannot open an account and send money. The partnership aims to avoid conflicts of interest by decoupling trade execution from custody and brokerage, allowing institutions to freely choose their own credit counterparties.
The CEO of Crossover, Brandon Mulvihill, noted that due to the fall of crypto exchange FTX and the current hostility from US regulators towards CEXs, TradFi institutions have become hesitant to engage with centralized exchanges. Consequently, institutions seek to trade crypto in the same fashion as any other traditional asset class.
Through the collaboration, Hidden Road customers will have access to CROSSx, Crossover’s Ethereum-based communication network (ECN), to execute cryptocurrency spot transactions. Hidden Road is the first firm to come onboard with CROSSx, and there are currently 50 customers onboarding, with 60% of these from traditional finance companies and the rest being crypto native.
Mulvihill believes that the partnership will result in a significant removal of operational friction from the ecosystem, which will materially increase trading volumes and decrease the costs of trading. Crossover’s seed investment round received funds from Flow Traders, Nomura’s Laser Digital, Wintermute Ventures, and others.
The partnership between Hidden Road and Crossover highlights the growing interest in crypto trading among institutional players. Since the industry’s inception, there has been a concern regarding conflicts of interest and the risks associated with centralized exchanges. This partnership, which decouples trade execution from custody and brokerage, provides institutions with greater flexibility and control over their credit counterparties. Furthermore, it highlights the emergence of blockchain technology as a viable solution to some of the issues that plague legacy systems.
As the industry matures, it’s expected that more institutional players will enter the market, leading to increased demand for robust and secure trading platforms. Insights gained from partnerships such as this will help market participants better understand institutional customers’ needs and develop solutions that meet their requirements.
In conclusion, the partnership between Hidden Road and Crossover Markets represents another step towards the mainstream adoption of crypto trading. It highlights the importance of decoupling trade execution from custody and brokerage and provides institutional investors with greater flexibility, control, and confidence when engaging with digital assets. As the sector continues to evolve, it’s exciting to consider the possibilities that blockchain technology offers in addressing some of the longstanding issues associated with legacy systems.