The Crypto Rating Council, a group that assesses digital assets to see if they require U.S. securities laws applied, has brought in CrossTower as a brand new member, according to a press release.
Founded by Coinbase, CrossTower is joining up with Anchorage, Cumberland, and other groups to analyze cryptocurrency assets and ensure they’re up to snuff.
CrossTower is a trading platform built for institutional investors specifically, and offers top-of-the-line security and features for these high-spending customers, the release notes. As of now, the group holds “highly active” order books and tight spreads for crypto-to-crypto trading in six top cryptocurrencies. Those assets, of course, are Litecoin, Bitcoin, Ethereum, USDC, Bitcoin Cash, and ZCash.
Speaking on the matter is Kristin Boggiano, the Co-Founder and President of CrossTower:
“We are honored to have been selected to join the CRC and look forward to increasing visibility, promoting standards, and contributing to the safe and orderly growth of the digital asset industry.”
As you may know, the Crypto Ratings Council rates cryptocurrencies based on their use case, development team, history, and much more. The group has been looking to expand for quite some time and has slowly been bringing on industry experts such as CrossTower to do just that.