Crypto Execution-Only Platform Crossover Markets Raises $12M
Briefly

In contrast to an ECN model, crypto exchanges use a central limit order book execution model, which means it doesn't matter if the exchange has one client or a million clients, there's only ever one pool of liquidity and one market data session.
Crossover Markets handles over $3.15 billion in notional trading value, charging one basis point each to makers and takers, reflecting its model's value proposition.
Read at Coindesk
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