Crossover Markets “Aims to Expedite Growth”, Names New CFO

Crossover Markets Group, which offers a cryptocurrency electronic communication network (ECN) among other technologies, has named Kevin Wolf as Chief Financial Officer (CFO). Wolf has been associated with the company since June 2024 and was most recently CFO at the American Financial Exchange.

A Key Appointment for Growth

Announced today (Tuesday), Wolf’s appointment came within a year after Crossover secured $12 million in a Series A funding round, which was led by Illuminate Financial and DRW Venture Capital (DRW VC).

The company is also backed by big names in the trading industry. Some of the seed investors in the company include institutions like Flow Traders, Laser Digital, Two Sigma, and Wintermute, and retail brokers like Exness, Gate.io, GMO, Pepperstone, Trademax, and ThinkMarkets.

“Given market dynamics, we aim to expedite our growth across jurisdictions as well as remain opportunistic with respect to corporate strategy,” said Brandon Mulvihill, Co-Founder and CEO of Crossover Markets. “Kevin immediately covers these bases and further deepens our managerial capacity.”

Wolf brings over 25 years of capital markets experience to the crypto company. During his time at American Financial Exchange, he also played a key role in its acquisition by Intercontinental Exchange (ICE) earlier this year.

His other experiences include being on the board and later CEO at Euronext FX, previously known as FastMatch. He has also held senior roles at Eris Exchange, Bank of America, and Lehman Brothers.

Increasing Demand for Crypto Technology

Crossover was established in 2022 by two former Jefferies executives, Mulvihill and Anthony Mazzarese. While Mulvihill is steering the company as the CEO, Mazzarese is holding the role of Chief Commercial Officer.

The company launched CROSSx, a crypto electronic communication network (ECN), last year with promises to decrease trading costs, improve execution quality, and enhance market data capabilities. Although ECNs are very popular in forex, it was one of the first in the cryptocurrency industry.

“Crossover is uniquely positioned in the market with its cutting-edge technology and market model specifically suited for institutions, particularly as US-based firms increasingly engage with the crypto ecosystem,” said Wolf.