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The company behind the institutional cryptocurrency electronic trading network CROSSx, Crossover Markets, has completed a $31 million Series B funding round, valuing the company at $200 million. The funding was led by electronic trading giant Tradeweb. This strategic partnership will enable Tradeweb to offer its global clients Crossover's spot cryptocurrency liquidity, marking Tradeweb's official entry into the institutional cryptocurrency trading space. Other participants in this funding round include DRW Venture Capital, Ripple, Virtu Financial, Wintermute Ventures, XTX Markets, and Illuminate Financial.