Crossover rolled out CROSSx Disclosed on May 13, giving institutions a relationship-based spot crypto venue where they can build custom liquidity pools from 30+ OTC providers and negotiate spreads, depth, and settlement directly. The product plugs into Ripple Prime and BitGo Prime for net settlement, supports about 200 symbols across FIX, REST, and GUI, and uses a pay-as-you-go rate card from 1 bps down to 0.5 bps with no upfront fees or monthly minimums. The pitch is TradFi-style counterparty control without leaving CROSSx's low-latency execution stack, including single-digit microsecond matching and up to 1M orders per second.

TLDR by @Benthic