D2X Raises €4.3M to Expand Regulated Crypto Derivatives in Europe

Amsterdam-based crypto derivatives exchange D2X has raised €4.3 million ($5 million) in a strategic funding round led by investors including Circle Ventures, CMT Digital, and Canton Ventures, alongside returning backers such as Point72 Ventures and Tioga Capital. D2X operates under a MiFID II-compliant Multilateral Trading Facility (MTF) license granted by the Dutch Authority for Financial Markets, making it the first regulated crypto derivatives exchange in Europe offering institutional-grade futures and options on Bitcoin and Ethereum with both euro and dollar settlements. The platform supports seven-day trading to meet institutional demand for continuous market access while providing traditional financial safeguards like cash collateral held off-exchange in partnership with banks. The fresh funding will accelerate product development, including options trading, and drive onboarding of institutional clients seeking a regulated venue to trade crypto derivatives without offshore risks. Investors emphasized that D2X addresses critical gaps in European markets by combining regulatory clarity with infrastructure that mirrors traditional finance, enabling institutions to confidently participate in crypto markets 24/7. The company, co-founded by Theodore Rozencwajg and others, aims to bridge traditional finance and digital assets by offering a secure, compliant trading environment tailored for institutional investors.