The Amsterdam-based crypto derivatives exchange D2X has successfully raised funding of €4.3 million (approximately $5 million) to further develop its platform. Among the investors in this strategic round are venture funds CMT Digital, Canton Ventures, as well as Point72 Ventures, Tioga Capital, GSR, and Fortino Capital, all of which have prior experience investing in this project.
This is reported by Business • Media
Regulated Platform for Institutional Investors
D2X positions itself as one of the first regulated platforms for trading cryptocurrency derivatives in a tier-one jurisdiction. The company operates as a multilateral trading facility (MTF) in accordance with the requirements of the European MiFID II directive, ensuring transparency and legal certainty for market participants.
A distinctive feature of D2X is the ability to trade seven days a week, which significantly sets the platform apart from traditional financial services that typically operate only on business days.
“D2X addresses one of the main issues for institutional investors — the lack of regulatory certainty and infrastructure available on weekends,” explained Charlie Sandor from CMT Digital.
New Products and Development Prospects
Currently, the D2X exchange already offers futures contracts on Bitcoin and Ethereum, denominated in US dollars. In the near future, the platform also plans to launch options for these cryptocurrencies, expanding the range of available tools for institutional clients.
It was previously reported that another cryptocurrency platform, Zodia Markets, raised over $18 million from Circle and other investors.