Key Takeaways
- • D2X, an Amsterdam-based crypto derivatives exchange built for institutional investors, raised 4.3 million euros ($5 million) in a strategic funding round.
- • Circle Ventures, CMT Digital and Canton Ventures joined as strategic investors, alongside renewed backing from Point72 Ventures, Tioga Capital, GSR and Fortino Capital.
- • D2X is licensed under the EU's MiFID II framework as a Multilateral Trading Facility and claims to be the first regulated crypto derivatives exchange in a Tier-1 jurisdiction operating seven days a week.
- • The exchange recently launched USD-denominated bitcoin and ether futures, with options on both assets expected soon.
Summary
D2X, an Amsterdam-based crypto derivatives exchange designed for institutional investors, has raised 4.3 million euros ($5 million) in a strategic funding round, according to CoinDesk. The round drew new strategic investors Circle Ventures, CMT Digital and Canton Ventures, while Point72 Ventures, Tioga Capital, GSR and Fortino Capital renewed their backing.
The firm is licensed under the EU's MiFID II framework as a Multilateral Trading Facility (MTF). D2X claims to be the first regulated crypto derivatives exchange in a Tier-1 jurisdiction operating seven days a week, a feature that addresses a gap in weekend trading infrastructure for institutions.
D2X recently launched USD-denominated bitcoin (BTC) and ether (ETH) futures, with options on both assets expected soon. The firm's collateral is held off-exchange in partnership with banks, a structure designed to appeal to risk-averse investors wary of centralized custody.
CMT Digital's Charlie Sandor said the firm invested because D2X bridges a key institutional gap: a lack of regulatory clarity and infrastructure that operates on weekends. "D2X sets a new benchmark for crypto derivatives in Europe," Sandor said.
The raise comes as the crypto derivatives space grows more competitive, with large exchanges such as Coinbase and Kraken acquiring derivatives platforms and a steady stream of new offerings reaching the market.
The firm is licensed under the EU's MiFID II framework as a Multilateral Trading Facility (MTF). D2X claims to be the first regulated crypto derivatives exchange in a Tier-1 jurisdiction operating seven days a week, a feature that addresses a gap in weekend trading infrastructure for institutions.
D2X recently launched USD-denominated bitcoin (BTC) and ether (ETH) futures, with options on both assets expected soon. The firm's collateral is held off-exchange in partnership with banks, a structure designed to appeal to risk-averse investors wary of centralized custody.
CMT Digital's Charlie Sandor said the firm invested because D2X bridges a key institutional gap: a lack of regulatory clarity and infrastructure that operates on weekends. "D2X sets a new benchmark for crypto derivatives in Europe," Sandor said.
The raise comes as the crypto derivatives space grows more competitive, with large exchanges such as Coinbase and Kraken acquiring derivatives platforms and a steady stream of new offerings reaching the market.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.