Crossover officially announces its entry into the U.S. market. CEO Brandon Mulvihill stated that this move is due to the improved regulatory environment in the U.S. and increased institutional investment interest. With the rise of over-the-counter (OTC) cryptocurrency trading, Crossover occupies an important position in the market through its electronic communication network CrossX. Mulvihill pointed out that traditional financial institutions such as banks, although slower to enter the market, have begun to actively position themselves. In addition, the introduction of market structure legislation is seen as a significant boost to the crypto space, expected to drive explosive growth in institutional investment, mergers and acquisitions, and new clients. Crossover believes that the institutional market needs to evolve from its current structure, seizing this opportunity to enter the U.S. market.