On The Brink with Castle Island Brandon Mulvihill (Crossover Markets) on the future of market structure in the USA (EP.601)
4 snips
Mar 10, 2025 Brandon Mulvihill, co-founder and CEO of Crossover Markets, discusses the future of market structure in the U.S. crypto landscape. He explores how banks are adapting to regulatory changes and the emerging competition among exchanges. The conversation highlights the potential of Electronic Communication Networks for price discovery and the role of traditional institutions in the crypto space. Mulvihill also shares insights on Crossover’s growth plans, including integrating AI to enhance trading efficiency and liquidity by 2025.
AI Snips
Chapters
Transcript
Episode notes
Debanking Challenges and Post-Election Shift
- Crossover Markets, a crypto marketplace, faced difficulty getting a bank account.
- After the 2024 election, many tier-one banks reached out, signaling increased acceptance of crypto.
Banks' Entry into Crypto
- Banks need to become comfortable with cryptocurrency custody before trading.
- Acquisitions and partnerships will likely be key strategies for banks entering the crypto space.
Market Structure and Investor Preferences
- Institutional investors prefer separate entities for custody, clearing, and execution to reduce fees.
- Retail investors prioritize simplicity and prefer vertically integrated models.