D2X Secures €4.3 Million in Funding for Crypto Derivatives Exchange

D2X, a crypto derivatives exchange based in Amsterdam, secured €4.3 million ($5 million) in funding from several strategic investors, including Circle Ventures, CMT Digital, and Canton Ventures. Previous backers such as Point72 Ventures and GSR also participated.

D2X is licensed under the EU's MiFID II framework as a Multilateral Trading Facility (MTF), claiming to be the first regulated crypto derivatives exchange in a Tier-1 jurisdiction operating seven days a week. The exchange recently launched USD-denominated futures for bitcoin and ether, with options expected soon.

The growing crypto derivatives market includes acquisitions by major exchanges like Coinbase and Kraken. CMT Digital highlighted D2X’s role in addressing institutional needs for regulatory clarity and weekend operations. D2X manages collateral off-exchange with banks, appealing to risk-averse investors.