Share this article
Swedish Digital Currency Exchange Cryex Raises $10 Million
Swedish digital currency exchange Cryex has raised $10m from firms including iZettle investor Northzone Ventures.
Updated Sep 11, 2021, 11:40 a.m. Published May 7, 2015, 5:30 p.m.
Sweden-based digital currency exchange Cryex has raised $10m from investors including White Star Capital and Northzone Ventures.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
According to its website, launched 4th May, the Stockholm-based company seeks to bridge the gap between traditional financial markets and blockchain technology with a soon-to-be launched exchange product.
Though details are scarce, this general focus was further addressed by Simon Nathanson, chairman of Cryex Clearing AB, in statements regarding the round.
Nathanson said:
“Cryex has a unique model to clearing and settlement and has all the necessary components in place; financial-grade architecture and technology partners, a seasoned team and a number of high-profile strategic investors from the financial sector.”
Eric Martineau-Fortin, managing partner at White Star Capital, voiced his enthusiasm for the company's coming market entrance, which he said he hopes will attract "financial institutions into the digital currency ecosystem".
A company statement indicated Cryex has filed a regulation application with the Swedish Finansinspektionen (SFSA), Sweden's government agency responsible for regulation and overseeing the country's financial market.
Notably, Northzone Ventures has previously invested in mobile payments firm iZettle, though neither it nor White Star Capital has a history of financial technology investments.
The SFSA did not respond to requests for comment at the time of press.
Coins image via Shutterstock.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Barclays Sees ‘Down-Year’ for Crypto in 2026 Without Big Catalysts
Spot trading volumes are cooling, and investor enthusiasm is fading amid a lack of structural growth drivers, analysts wrote in a new report.
What to know:
- Barclays forecasts lower crypto trading volumes in 2026, with no clear catalysts to revive market activity.
- Spot market slowdowns pose revenue challenges for retail-focused platforms like Coinbase and Robinhood, the bank said.
- Regulatory clarity, including pending market structure legislation, could shape long-term market growth despite near-term headwinds.
Top Stories
