Crossover Markets has successfully raised $31 million in a Series B funding round, with Tradeweb leading the investment. Notable participants in this round include Ripple and DRW Venture Capital. According to NS3.AI, the company is now valued at $200 million and intends to utilize the funds to expand CROSSx, its crypto electronic communication network designed for institutional trading. This investment represents a significant advancement in the infrastructure supporting institutional crypto market liquidity.