D2X, an exchange of Crypto derivatives based in Amsterdam, designed for institutional investors, raised 4.3 million euros ($ 5 million) in a strategic financing cycle.
Circle Ventures, CMT Digital and Canton Ventures joined the increase as strategic investors, alongside the renewed support of Point72 Ventures, Tioga Capital, GSR and Fortino Capital.
Licensed within the framework of the EU Mifid II framework as a multilateral trading installment (MTF), D2X claims to be the first exchange of crypto derivatives regulated in a level 1 jurisdiction operating seven days a week.
The company recently launched the term contracts denominated by the USD Bitcoin (BTC) and Ether (ETH), with options on the two assets expected soon.
The space of crypto derivatives heats up with large exchanges like Coinbase and Kraken acquire derivative platforms, and a constant flow of new offers that arrive on the market.
Charlie Sandor, of CMT Digital, said that the company had invested in D2X because it is filming a key gap for institutions: a lack of regulatory clarity and infrastructure that works on weekends.
“D2X establishes a new reference for cryptographic derivatives in Europe,” said Sandor.
The company’s guarantee is maintained outside the exchange in partnership with Banks, a characteristic which is aimed at investors opposed to the risk being distrusted with the centralized guard.
