Share this article
D2X Raises $5M to Expand Crypto Derivatives Exchange for Institutions
CMT Digital, Circle Ventures and Point72 back Amsterdam-based D2X as it targets crypto futures and options
Jul 29, 2025, 8:00 a.m.
Make us preferred on Google
What to know:
- D2X secured 4.3 million euro ($5 million) to expand its MiFID II-compliant crypto derivatives platform
- New USD-denominated bitcoin and ether futures launched, with options on the way
- Backers include CMT Digital, Circle Ventures, Tioga Capital and Point72 Ventures
D2X, an Amsterdam-based crypto derivatives exchange designed for institutional investors, has raised 4.3 million euro ($5 million) in a strategic funding round.
Circle Ventures, CMT Digital and Canton Ventures joined the raise as strategic investors, alongside the renewed backing of Point72 Ventures, Tioga Capital, GSR, and Fortino Capital.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Licensed under the EU’s MiFID II framework as a Multilateral Trading Facility (MTF), D2X claims to be the first regulated crypto derivatives exchange in a Tier-1 jurisdiction operating seven days a week.
The firm recently launched USD-denominated bitcoin and ether futures, with options on both assets expected soon.
The crypto derivatives space is heating up with large exchanges like Coinbase and Kraken acquiring derivatives platforms, and a steady stream of new offerings coming to market.
CMT Digital’s Charlie Sandor said the firm invested in D2X because it bridges a key gap for institutions: a lack of regulatory clarity and infrastructure that operates on weekends.
“D2X sets a new benchmark for crypto derivatives in Europe,” Sandor said.
The firm’s collateral is held off-exchange in partnership with banks, a feature that caters to risk-averse investors wary of centralized custody.
AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
More For You
From FTX debris to global finance: Solana’s 2026 plan is all about the application layer
Resilience built from the debris of 2022 is now shaping the Solana ecosystems future, leaders from Jupiter, Backpack, Kamino and DoubleZero argued at Consensus Hong Kong 2026.
What to know:
- A few years after the collapse of FTX nearly took it down by association, Solana’s core builders say the network’s next phase will be defined not by survival, but by scaling into global finance.
- While Solana became known during the last cycle for memecoin mania and speculative trading, the next chapter will center on bringing more traditional finance onchain, panellists argued at Consensus Hong Kong 2026.
- Upcoming upgrades aimed at reducing latency and improving confirmation times are expected to strengthen Solana’s pitch as a high-performance, general-purpose execution layer. But the panel cautioned against complacency.
Top Stories
