CRX Trade launches Swiss prime brokerage bridging crypto exchanges and Wall Street, as tokenized stock trading surges
CoinRoutes
Company
Zug-based CRX Trade lets institutions trade on Hyperliquid, ByBit, GateIO,, Nasdaq, CME, and more from a single account
ZUG, Switzerland, 5 October 2026: CRX Trade, the Swiss institutional prime brokerage for digital assets, today launched a platform that gives hedge funds and trading firms a single account spanning the leading crypto exchanges and traditional US markets. Powered by CoinRoutes technology, it pairs award-winning trading algorithms with one pool of collateral that can be used on crypto exchanges and Wall Street alike, as the boundary between digital assets and traditional finance blurs faster than the infrastructure beneath it can keep up.
One account, many asset classes
However, for the institutions trading across both worlds, the plumbing remains split. A fund that holds bitcoin on a crypto exchange typically cannot use it efficiently as collateral at a traditional broker, forcing firms to hold separate deposits across multiple venues and stitch together different providers for trading, custody and risk reporting.
With CRX Trade, clients can post bitcoin, stablecoins or tokenised gold as a single pool of collateral and trade across ten connected venues. Operating from Zug, Switzerland's "Crypto Valley", the company connects clients to major international exchanges including Binance, Bybit, Gate, and Hyperliquid, venues largely out of reach for US-based providers, alongside Deribit, CME Group and Nasdaq. That means a fund can play oil, gold or equity perpetuals against their tokenised twins, on one exchange or across several, in a single order reported as one position.
“Professional investors increasingly see digital assets and traditional securities as one opportunity set, but the infrastructure has not kept pace,” said Eamon Comerford, Managing Director of RAS Capital GmbH, operator of CRX Trade. “CRX Trade closes that gap by giving institutions broader market access, coordinated collateral and a single framework through which to manage their positions.”
Award-winning technology under the hood
The platform is built on technology from CoinRoutes, the institutional trading software provider recognised this year as Algorithmic Trading Solution Provider of the Year and Risk Management Software of the Year at the Hedgeweek Global Digital Assets Awards. CRX Trade clients receive the full CoinRoutes toolkit as part of their brokerage relationship, without a separate software licence.
"Hedge funds are already running strategies that straddle crypto and traditional markets, but their capital is still split across separate accounts, separate providers and separate risk systems," said Ian Weisberger, CEO of CoinRoutes. "Equity funds have long had a single prime relationship that handles all of that. CRX Trade brings that model to digital assets, and we're proud to see our technology at the centre of it."
The result is an offering that combines trading, collateral and custody under one roof, giving clients:
One account across crypto and traditional markets, spanning eight crypto venues alongside CME Group and Nasdaq, with 24/7 market access
One pool of collateral, including bitcoin, tokenised gold and stablecoins, revalued continuously against live market prices
Award-winning trading algorithms from CoinRoutes, including tools that execute both sides of a trade across different exchanges as a single order
Assets held in isolated institutional wallets, with a distinct address per client and trading permissions kept separate from withdrawal permissions
The partnership arrives during a year of growing institutional demand for CoinRoutes technology, which has handled more than $700 billion in lifetime notional volume. In recent months the platform has added support for tokenised equities through xStocks, access to Bitstamp by Robinhood and options trading on Deribit, following investment from Avenir Group in February.
CRX Trade services are available exclusively to professional and institutional clients. For more information, contact sales@crxtrade.com .
About CRX Trade
CRX Trade is an institutional prime brokerage for digital assets, operated by RAS Capital GmbH, a Swiss financial intermediary in Zug and a member of VQF, a FINMA-recognised self-regulatory organisation. The platform is powered by CoinRoutes, the multi-asset execution technology provider behind more than $700 billion in lifetime notional volume. CRX Trade bundles the CoinRoutes OEMS and Clarity portfolio and risk management system with isolated institutional custody wallets, governed by a CRX Trade policy engine that sits on top of leading institutional custodians. Clients trade across leading centralised and decentralised venues from a single workstation, and can access financing from multiple independent lender counterparties on the platform. CRX Trade is not a lender. Services are available only to professional and institutional clients. For more details, visit crxtrade.com.
CRX Trade operating as RAS Capital GmbH, Bahnhofstrasse 30, 6300 Zug, Switzerland. VQF Member No. 101151. RAS Capital GmbH is a Swiss financial intermediary affiliated with VQF, a self-regulatory organisation recognised by FINMA, for anti-money-laundering purposes, and does not hold a banking or securities firm licence. CRX Trade is not a lender; financing on the platform is provided by independent third-party lenders, and neither CRX Trade nor RAS Capital GmbH lends its own capital, is a party to any loan, or guarantees or bears credit risk on any loan. Availability of financing is subject to each lender's approval, and nothing in this release is an offer of credit. Services are strictly intended for Professional Clients and Qualified Investors. Nothing in this release constitutes a public offer or retail solicitation. Digital asset trading, custody and financing involve substantial risk, including the risk of total loss.
About CoinRoutes
CoinRoutes is an institutional-grade, algorithmic trading platform and order execution management system (OEMS) built specifically for digital assets and crypto markets. Its patented smart order routing technology aggregates real-time, investable liquidity across major centralised exchanges, decentralised exchanges, and liquidity providers, offering professional traders advanced transaction cost analysis (TCA) alongside proprietary algorithmic execution strategies. For more details, visit coinroutes.com.
