D2X, an Amsterdam-based crypto derivative exchange designed for institutional investors, has collected 4.3 million euros ($ 5 million) in a strategic financing round.
Circle Ventures, CMT Digital and Canton Ventures joined the withdrawal as strategic investors along with the renewed support of Point72 Ventures, Tioga Capital, GSR and Fortino Capital.
Licensed under the EU’s MiFID II frames as a multilateral trading facility (MTF), D2X claims to be the first regulated crypto derivative exchange in a tier-1 jurisdiction operating seven days a week.
The company recently launched USD-denominated Bitcoin (BTC) and Ether (ETH) futures, with options on both expected assets soon.
The Crypto Derivatives room is heated with large exchanges such as Coinbase and Kraken, which acquires derivatives platforms, and a steady stream of new offers coming on the market.
CMT Digital’s Charlie Sandor said the company invested in D2X because it bridge over a keygap for institutions: a lack of legislative clarity and infrastructure operating on weekends.
“D2X is putting a new benchmark for cryptoderivatives in Europe,” Sandor said.
The company’s collateral is held outside the exchange of partnership with Banks, a function that caters to risk -wise investors who are aware of centralized custody.
