Amsterdam-based D2X, a crypto derivatives exchange for institutions, has raised €4.3M in a funding round from CMT Digital, Circle Ventures, and Canton Ventures.
CMT Digital is a global blockchain and web3 proprietary trading and venture capital firm focused on early-stage investments that accelerate the adoption of blockchain technology.
Charlie Sandor, Investment Partner at CMT Digital, comments, “At CMT Digital, we have long believed that regulatory clarity and institutional infrastructure are key to unlocking the next chapter of digital asset adoption. D2X addresses two of the most pressing challenges for European institutional investors: the lack of regulated trading venues and the disconnect between 24/7 crypto markets and traditional exchange hours. With its MTF license and robust, weekend-ready trading architecture, D2X sets a new benchmark for crypto derivatives in Europe. We’re proud to back a team that is building the infrastructure institutions need to participate in this evolving market with confidence.”
Existing investors, including Point72 Ventures, Tioga Capital, GSR, and Fortino Capital, also participated.
The Dutch company will use the funds primarily to support product development and institutional client onboarding. The announcement comes over a year after raising €9.1M in a Series A round of funding.
At the same time, the company became the first entity in the European Union to secure a MiFID MTF license for cryptocurrency derivatives, granted by the Dutch Authority for Financial Markets (AFM).
D2X has recently started offering USD-denominated futures for Bitcoin (BTC) and Ethereum (ETH).
This new product meets the increasing demand from institutions for USD-based crypto derivatives and highlights D2X as a reliable and regulated trading platform. Options for BTC and ETH in USD are expected to be available soon.
Founded by Theodore Rozencwajg, Don van der Krogt, and Laetitia Grimaud, D2X is a European institutional-grade derivatives exchange for digital assets.
The company aims to bridge the gap between traditional finance and the digital asset ecosystem.
The product suite includes BTC-USD, ETH-USD, BTC-EUR, and ETH-EUR Dated Futures, with Options soon to follow
Last year, the company D2X launched the first regulated (MiFID II) crypto futures & options trading venue out of the Netherlands to facilitate the institutional adoption of the asset class.
The company is operating under a unique post-trade model that enables 7-day-a-week trading within a MiFID II-compliant framework.
Theodore Rozencwajg, Co-founder at D2X, comments, “We are thrilled to welcome strategic investors who share our vision for a compliant and robust digital asset ecosystem. This funding allows us to enhance our product suite and accelerate the onboarding of Tier-1 institutions that require a trusted, regulated trading venue.”
