D2X, an Amsterdam-based crypto derivatives exchange designed for institutional investors, has raised 4.3 million euros ($5 million) in its strategic funding round.
Circle Ventures, CMT Digital and Canton Ventures have joined Raise as strategic investors with new support from Point72 Ventures, Tioga Capital, GSR and Fortino Capital.
Authorized as a Multilateral Trade Facility (MTF) under the EU’s MIFID II framework, D2X claims to be the first regulated crypto derivatives exchange in Tier-1 jurisdictions operating seven days a week.
The company recently launched USD-controlled Bitcoin (BTC) and Ether (ETH) futures, and quickly predicted options for both assets.
Crypto-driver space is heated by the large-scale exchanges of Coinbase and Kraken acquisition derivatives platforms and the stable flow of new products coming to the market.
CMT Digital’s Charlie Sandor said the company invested in D2X to fill a key gap in the agency.
“D2X sets a new benchmark for European crypto derivatives,” Sandor says.
The company’s collateral is held off exchange in partnership with the bank. This is a feature that addresses risk aversion investors who pay attention to centralized custody.
