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D2X Raises €4.3 Million to Enhance Institutional Crypto Derivatives Trading

D2X completes a €4.3 million funding round led by notable investors to expand its regulated trading platform for institutional clients.

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ETH

Summary

D2X, a Dutch crypto derivatives exchange, has successfully raised €4.3 million from investors including Circle Ventures and Point72 Ventures. The funding will enhance its MiFID II-regulated platform, which recently launched USD-denominated Bitcoin and Ethereum futures contracts, with plans for options products. This investment aims to support product development and address the needs of institutional clients for regulatory compliance and continuous market access.

Terms & Concepts
  • MiFID II: The Markets in Financial Instruments Directive II is a European regulation that aims to improve the functioning of financial markets in the EU and enhance investor protection.
  • Multilateral Trading Facility (MTF): A regulated trading venue that facilitates the exchange of financial instruments, allowing multiple buyers and sellers to interact.
  • Crypto derivatives: Financial contracts whose value is derived from the price movements of cryptocurrencies, including futures and options.