Dutch crypto derivatives exchange D2X raises $10M

D2Xa platform in development, which allows institutional to negotiate futures contracts and options on the cryptohas just completed a series A conducted by Point72 Ventures.

Based in Amsterdam, the Netherlands, D2X aims to revolutionize the crypto derivatives market with a platform dedicated to institutional investors and regulated in Europe.

On Thursday, D2X announced that it had obtained a MiFID MTF license from the Dutch Financial Markets Authority. The authorization enables it to offer derivatives on crypto-currencies such as Bitcoin, and to operate under the new European MiCA legal framework.

With the approval of our MiFID license, we aim to set a new benchmark for reliability in digital assets. D2X paves the way for financial institutions to safely enter the crypto derivatives market,” commented Frédéric Colette, D2X’s CEO and former Global Head of Prime Brokerage and Clearing at Societe Generale, in a statement.

The company founded in 2020 also revealed yesterday that it had completed a $10 million funding round led by venture capital firm Point72 Ventures.

The Series A round, which follows a $5 million fundraising round closed in 2022, also includes participation from GSR Markets, Tioga Capital, Fortino Capital, Jabre Capital Partners and Picus Capital.

D2X is scheduled to open its doors in the second quarter of 2024. The platform will feature connectivity with Talos and several market makers, including Flow Traders.

Derivatives, such as futures, now account for more than 3/4 of trading volume on the crypto market.

In December, GFO-X, another regulated platform offering crypto futures for institutional investors, raised $30 million from M&G Investments.

Keep up to date with crypto news on our Twitter or Telegram