CrossTower Launches Capital Markets Desk to Bring Institutions to Its Spot Exchange

CrossTower Launches Capital Markets Desk to Bring Institutions to Its Spot Exchange


Crypto trading platform CrossTower is launching a capital markets desk for institutional clients.

Leading the desk is securities industry veteran Greg Bunn, who’s being hired as CrossTower’s chief strategy officer. Previously, Bunn served as global head of counterparty strategy at foreign exchange giant Citadel, and he also worked in senior roles at Deutsche Bank for more than 16 years.

Expanding from its spot exchange and over-the-counter (OTC) trading desk, CrossTower now offers digital asset lending, trade financing, structured products and trade execution across multiple venues. 

“Ultimately we end up with something that looks and feels a little bit like what you see in the prime brokerage space,” Bunn said. “You can’t centralize the market because it’s by definition decentralized, but you will at least have more connected infrastructure that makes the market more efficient.”

Prime brokers are facilitators for financing and trading for deep-pocketed institutional investors.

Several crypto firms including Bequant, Coinbase, BitGo

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