Crossover Markets clears over $2B in trades through BitGo’s Go Network

Institutional clients have now pushed more than $2 billion in cumulative notional volume through CROSSx, Crossover Markets’ electronic communication network, with all of it cleared via BitGo’s Go Network. What CROSSx and Go Network actually do CROSSx is Crossover Markets’ execution-only ECN, meaning it matches buyers and sellers without ever touching client assets. The platform operates at single-digit microsecond latency, which puts it in the same speed tier as the infrastructure powering traditional equities venues. Trades are anonymous at the point of execution, a feature institutions tend to value highly when moving large blocks of digital assets. BitGo’s Go Network handles the other side: acting as a central counterparty for net settlement while assets remain in regulated custody. Assets stay in BitGo’s custody throughout the process, which dramatically reduces the counterparty risk that has historically made institutional treasurers break out in hives at the mention of crypto trading. Adam Sporn, BitGo’s Head of Prime Brokerage, framed the $2 billion figure as evidence of sustained institutional demand for infrastructure that prioritizes risk management and operational effici...