Prime brokerage · Execution · Custody

Institutional prime brokerage for the digital asset age.

Execution, portfolio risk, institutional custody and connectivity to independent third-party lenders, in one Swiss prime brokerage, powered by CoinRoutes technology.

CRX Trade is a Swiss financial intermediary and member of VQF, a FINMA-recognised self-regulatory organisation, serving professional and institutional clients.

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Powered by technology, the leader in multi-asset execution technology

CoinRoutes OEMS workstation with a watchlist, a BTC-USDT perpetual candlestick chart, the order blotter and a Smart order ticket
Live BTC/USD - - Indicative price for information only
$700B+Lifetime notional on CoinRoutes technology
10Connected venues
24/7Market access

The platform

Built on CoinRoutes. Bundled into your prime brokerage.

Every CRX Trade client gets the full CoinRoutes institutional stack as part of the prime brokerage relationship, with no separate licence. CoinRoutes technology has handled more than $700 billion in lifetime notional volume for leading hedge funds, proprietary trading firms and asset managers.

One workstation for every venue

The CoinRoutes OEMS is one professional workstation for order and execution management across every connected venue: watchlists, charts, order book and market data, balances and a single blotter for every order.

More on the CoinRoutes platform at coinroutes.com.

CoinRoutes OEMS with a watchlist of bid, mid and ask prices, a BTC-USDT perpetual candlestick chart with volume, and the order blotter

Click any area of the screenshot to learn more.

Two legs. One order.

Spread and pairs trades execute as a single order, including equity, energy and metals perpetuals quoted live against their tokenised equivalents.

Trade the spread between two assets on the same exchange or across different exchanges. The Spread algorithm is dollar neutral, trading perpetuals, spot and futures against one another for arbitrage and risk or treasury management.

More on spread execution at coinroutes.com.

CoinRoutes OEMS with a spread and pairs watchlist, a live spread chart and spread orders
CoinRoutes spread ticket with buy and sell legs on different venues and a target spread

Click any area of the screenshot to learn more.

Best available price, every order

Routing and algorithms (smart, sweep, TWAP, spread) for best available price, with consolidated real-time pricing and benchmark analytics.

  • Smart Post
  • Sweep
  • TWAP
  • Scheduled Post
  • Time Pace
  • POV
  • Smart Stop
  • Spread
  • Pairs
  • Multi Product
  • Range
  • Bracket
  • DMA

Advanced mode supports 14+ order types. Contact us to learn more.

CoinRoutes OEMS with a BTC-USDT perpetual candlestick chart and the order blotter
CoinRoutes quick ticket in Smart mode: quantity, limit price and eligible exchanges CoinRoutes quick ticket in TWAP mode: run time, time interval and eligible exchanges

Click any area of the screenshot to learn more.

Click a source, click a destination

Every asset on every venue sits in one balance matrix, next to your isolated institutional wallet. Click a balance to set the source, then click a highlighted same-asset cell as the destination, including venues where you have no balance yet.

Every transfer still passes both policy layers and goes only to whitelisted addresses.

CRX Trade balance matrix by asset and venue, with Bybit USDC selected as source and Gate.io USDC as destination

Click any area of the screenshot to learn more.

Bundled · CoinRoutes Clarity

Portfolio and risk, reported by strategy.

CoinRoutes Clarity comes with every CRX Trade account. It consolidates positions, P&L and risk across venues and custodians, reported by strategy, not just by position.

A hedge is one position

Multi-leg mode values both legs of a hedge as one position, splits spread P&L, pairs P&L and fees, and breaks out funding payments received and paid on the short leg.

CoinRoutes Clarity multi-leg view with P&L over time, P&L attribution by spread, pairs and fees, and funding analytics
CoinRoutes Clarity, multi-leg view. Illustrative data.

Every venue and custodian in one view

Unify all holdings in a single view, then drill down venue by venue and position by position, across spot, derivatives and options.

CoinRoutes Clarity holdings by venue with quantity, notional and NAV per asset
CoinRoutes Clarity, holdings by venue. Illustrative data.

Find breaks early

Compare positions against exchanges, custodians and counterparties, and find breaks before they become operational problems.

CoinRoutes Clarity reconciliation view listing matched positions and breaks against a target system
CoinRoutes Clarity, reconciliation. Illustrative data.
  • Long and short positions
  • Gross and net exposure
  • Asset-level exposure
  • Venue and counterparty concentration
  • Spot, derivatives and options
  • Portfolio weights
  • Collateral

What you get

One account. Every control.

Execution, risk, collateral, custody, security and financing access, run from one prime brokerage relationship.

Smart Execution

Route orders across leading centralised and decentralised venues and listed markets from one CoinRoutes workstation. Smart order routing and algorithms find the best available price, and spread and basis trades execute as a single order.

Portfolio & Risk

CoinRoutes Clarity consolidates positions, P&L and risk across every venue and custodian in real time. Every order clears pre-trade risk checks before it reaches a venue, so there is nothing to unwind afterwards.

One Collateral Pool

Post one pool of collateral across crypto and listed markets. BTC, tokenised gold (XAUT), USDT and USDC are supported, and collateral is revalued continuously against live market data.

Institutional Custody

Assets sit in isolated institutional MPC wallets, with a distinct address per client account. A CRX Trade policy engine adds a second layer of control, and off-exchange settlement keeps collateral off venue balance sheets where supported.

Security by Separation

Trading keys can trade but cannot withdraw. Every transfer passes two independent policy layers, withdrawal addresses are whitelisted by default, and all access uses multi-factor authentication and least-privilege permissions.

Financing Access

CRX Trade is not a lender. Our technology lets clients request cross-exchange financing from independent third-party lenders, who set their own terms and make their own credit decisions. Any loan is agreed directly between client and lender.

Read the financing disclaimer

Where you trade

Ten venues. Every major asset class.

Traditional brokerages cannot use crypto as collateral efficiently, and crypto desks cannot reach listed futures or equities. On CRX Trade, clients can use a single collateral pool across both.

Crypto 8 venues

  • BinanceCentralised exchange
  • BybitCentralised exchange
  • OKXCentralised exchange
  • KuCoinCentralised exchange
  • Gate.ioCentralised exchange
  • BitgetCentralised exchange
  • DeribitListed crypto options
  • HyperliquidPerp DEX

TradFi 2 venues

  • CME GroupCME · COMEX · NYMEX futures
  • NasdaqCash equities

Hover an asset class below to see where it trades.

Asset classes

Crypto Spot

Across leading centralised venues

Perpetuals

Centralised exchanges and perp DEXs

Crypto Options

Listed on Deribit

CME Financials

Index and single-stock futures

COMEX Metals

Gold, silver, copper

NYMEX Energy

Crude oil, natural gas

Nasdaq Equities

Cash equities

Tokenised RWA

On-chain real-world assets

Tokenised Equities

Including xStocks and Binance B-Stocks

DeFi

Hyperliquid and Lighter. Aave and Morpho coming soon.

Built for hedge funds, proprietary trading firms, market makers and asset managers running multi-venue strategies. Services are available to professional and institutional clients only.

About CRX Trade

CRX Trade is an institutional prime brokerage for digital assets, operated by RAS Capital GmbH in Zug, Switzerland, a Swiss financial intermediary and member of VQF, a FINMA-recognised self-regulatory organisation. Powered by CoinRoutes technology, CRX Trade bundles the CoinRoutes OEMS and Clarity portfolio and risk system with isolated institutional custody and access to financing from multiple independent lenders. CRX Trade is not a lender.

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