|Headquarters||Jersey City, New Jersey|
|Key People||Kapil Rathi , CEO and Co-Founder; Kristin Boggiano|
|Products||Cryptocurrency trading platform|
CrossTower is a cryptocurrency trading platform that provides incentives in the form of fee rebates to liquidity traders in order to attract new traders to the platform and introduce them to cryptocurrency trading.
The company received $6 million in funding in June 2020, about a month after it began operation.
Two long-time securities and derivatives trading executives, Kapil Rathi and Kristin Boggiano , established CrossTower early in 2020, after working together at AlphaPoint, a blockchain software development company. Rathi, who had been COO at AlphaPoint, had earlier been at Cboe, Bats, ISE and the NYSE. Boggiano, an attorney, was chief legal officer and on the executive committee of AlphaPoint and had previously worked at the SEC, CFTC, Schulte Roth and Guggenheim Partners. CrossTower's unique selling proposition is providing rebates to liquidity takers instead of the usual model of paying market makers in the hopes of spurring new customers to trade cryptocurrencies.