CrossTower, the global cryptocurrency trading platform, has reached an agreement to acquire BEQUANT, a brokerage and digital-asset exchange, for an undisclosed amount. CrossTower also announced the launch of the first ESG Crypto Fund, in partnership with the Lydian Group, to invest in and rebuild companies that have promising futures.
BEQUANT, with its institutional-trading and prime-brokerage platform, will enable CrossTower to expand its suite of professional-grade products for a global market, covering the United States, Bermuda, Europe, Latin America and Asia. Through this acquisition, CrossTower will add more than 600 professional exchange clients, generating more than $400 billion of yearly turnover with more than a dozen exchanges connected to its platform.
Lydian Group sees a big opportunity for a clean, necessary reset of the digital-asset market, according