Jersey Metropolis, NJ, June 10, 2020 (GLOBE NEWSWIRE) — CrossTower, a brand new change operator on a mission to mainstream digital asset investing and buying and selling, in the present day introduced it has been chosen to hitch the Crypto Rating Council (CRC) as its latest member. The CRC is a member-owned and operated group dedicated to the accountable progress and maturation of cryptocurrency markets and associated monetary infrastructure and buying and selling companies.
CrossTower joins 11 different business leaders, together with founding member Coinbase in addition to business pioneers like Cumberland, Anchorage and Genesis International Buying and selling within the CRC’s mission to offer a extra systematic U.S. securities regulation analytical framework for crypto belongings. CRC members are dedicated to the accountable progress of crypto asset markets and share a perception that sensible compliance instruments can speed up the expansion of the business.
The multi-asset CrossTower buying and selling platform was based by capital markets veterans and methodically constructed for institutional and particular person buyers with best-in-class safeguards, companies and capabilities to make the next-generation monetary markets a actuality. The change at present helps extremely lively order books and tight spreads for crypto-to-crypto buying and selling within the 5 most generally traded currencies: Bitcoin, Ether, LiteCoin, USDC, Bitcoin Money and ZCash. CrossTower plans to introduce extra belongings and companies later this yr.
“We’re honored to have been chosen to hitch the CRC and look ahead to growing visibility, selling requirements, and contributing to the secure and orderly progress of the digital asset business,” mentioned CrossTower Co-Founder and President Kristin Boggiano.
The CRC confers scores throughout broadly held crypto belongings, with the bottom CRC rating of 1 indicating an asset that has few or no traits that justify remedy as a safety whereas a rating of 5 signifies traits strongly in line with remedy underneath U.S. securities regulation. Since its launch and the preliminary publication of 20 asset scores final fall, the member owned and operated CRC has made regular progress participating the developer group, recruiting respected and professional business members, and producing extra asset scores.
ABOUT CROSSTOWER
Based in 2020, CrossTower is an change operator based by capital markets veterans on a mission to mainstream digital asset buying and selling and investing. We have now constructed a multi-asset platform for institutional and particular person buyers with best-in-class safeguards, companies and capabilities to make the next-generation monetary markets a actuality. CrossTower has methodically constructed its platform, leveraging its buying and selling expertise, expertise, operational infrastructure, revolutionary pricing in addition to regulatory and shopper service fashions, to make sure the success of the change at launch and nicely into the longer term. For extra info, go to www.crosstower.com.
ABOUT CRYPTO RATING COUNCIL (CRC)
The Crypto Rating Council is a various group of main crypto companies dedicated to the accountable progress and maturation of cryptocurrency markets and associated monetary infrastructure and buying and selling companies. Our members share a perception that sensible compliance instruments might help cryptocurrency exchanges, custodians, buying and selling desks, funding companies, and different monetary companies suppliers assist the expansion and adoption of this essential asset class and associated blockchain applied sciences within the U.S. and all over the world. For extra info, go to www.cryptoratingcouncil.com.
Monica Van Horn CrossTower 917-446-6358 media@crosstower.com
