Digital Asset Exchanges CrossTower to Acquire BEQUANT

CrossTower Inc., one of the world's fastest and leading crypto and digital asset exchanges, has reached an agreement to acquire BEQUANT, an institutional Prime Broker and Exchange, for an undisclosed amount. 

Through the acquisition, CrossTower will be able to expand its suite of professional grade products for a global market, covering the US, Bermuda​, Europe, Latin America, and Asia. Furthermore, CrossTower will be benefit from BEQUANT's institutional trading and prime brokerage platform, and absorb more professional exchange clients. 

The transaction has been supported by the Lydian Group, a new player in the digital assets and crypto space. The company will partner with CrossTower to invest in and rebuild companies that have promising futures.

Kapil Rathi, CEO of CrossTower, commented on the deal: "Rebuilding requires capital and a management team with regulatory and operational expertise. With the launch of our fund and the BEQUANT acquisition, we are positioning CrossTower to lead the growth of this industry, with proper regulatory oversight, integrity, and accountability."