CRX Trade Launches Brokerage Spanning Crypto and Traditional Markets

Swiss institutional brokerage CRX Trade has launched a platform designed to let hedge funds and trading firms access crypto exchanges and traditional US markets through a single account.

The Zug-based company said clients could trade across 10 connected venues, including Binance, Bybit, Gate, Hyperliquid and Deribit, alongside CME Group and Nasdaq.

CoinRoutes provides the technology behind the platform, which combines execution, collateral management and custody within one brokerage relationship.

According to CRX Trade, the model aims to address the separate infrastructure institutions typically use when trading across digital assets and traditional markets. A fund holding bitcoin on a crypto exchange, for example, may also need separate collateral and accounts to trade through traditional brokers.

Through CRX Trade, institutional clients can instead post assets including bitcoin, stablecoins and tokenised gold into a single collateral pool, which is continuously revalued against market prices. Client assets are held in separate institutional wallets, with a distinct address for each client and trading permissions kept separate from withdrawals.

The platform also gives clients access to financing from independent third-party lenders, although CRX Trade does not lend its own capital.