D2X, an Amsterdam, The Netherlands-based crypto derivatives exchange company for institutions, raised $10M in Series A funding.
The round was led by Point72 Ventures. Other participants included GSR Markets and existing investors Tioga Capital, Fortino Capital, Jabre Capital Partners, Picus Capital, and TRGC.
The company intends to use the funds to expand operations and development efforts.
Led by CEO Frederic Colette, D2X is launching the first regulated (MiFID II) crypto futures & options trading venue out of the Netherlands to facilitate the institutional adoption of the asset class. Operational 7-days-a-week, It facilitates off-exchange collateral accounts in partnership with a Tier-1 EU credit institution. Its initial product listing is set to feature cash-settled EUR-denominated BTC and ETH derivatives.
Commenting on the news, Frederic Colette said: “With the approval of our MiFID licence, we are aiming to set a new benchmark for reliability in the digital assets space. D2X is paving the way for financial institutions to safely enter the crypto derivatives market, and we are dedicated to ensuring their security and success every step of the way.”
FinSMEs
19/03/2024