What happened?
D2X, an Amsterdam-based crypto derivatives exchange, has raised €4.3 million in funding from a group of notable investors like CMT Digital and Circle Ventures. This funding round follows a previous €9.1 million Series A investment and coincides with D2X becoming the first EU exchange to get a MiFID-compliant Multilateral Trading Facility license. The additional capital will support product development and help onboard institutional clients looking for regulated crypto derivatives trading.
Who does this affect?
The new funding round primarily impacts institutional investors who are interested in crypto derivatives, as D2X is focused on providing these services. It affects the broader crypto economy in Europe by offering a reliable platform with seven-day trading for Bitcoin and Ethereum futures. Regulators and financial institutions keeping tabs on market compliance will be interested in D2X’s MiFID-regulated status as it sets a benchmark for compliant trading venues in the EU.
Why does this matter?
This development is significant because it strengthens D2X’s position as a leading player in the European institutional crypto market. The crypto derivatives market is rapidly evolving, and having a regulated venue like D2X provides more security and trust for big players, potentially attracting more capital to the market. The expansion of compliant trading platforms could drive greater adoption of crypto assets in traditional financial sectors, influencing market dynamics and regulatory standards across Europe.