Read

Netherlands-based crypto derivatives exchange D2X has secured $10 million in a funding round led by Point72 Ventures to double down on its presence in Europe.
Crypto derivatives exchange D2X has announced the successful closure of a $10 million Series A funding round led by Point72 Ventures in addition to other investors like GSR Markets. Although the company’s valuation following the funding was not disclosed, a spokesperson for D2X informed crypto.news that the funding will facilitate the exchange in “attracting liquidity, developing new features, and business development primarily in the EU.”
<blockquote class="wp-block-quote">
 “Point72 being a U.S. investor and leading the funding round for D2X further signifies the impact of European crypto landscape as well as the institutions’ increasing interest in the sector.”
 Tanya Levchenko, D2X marketing &amp; communications specialist
</blockquote>
You might also like: <a href="https://crypto.news/european-parliament-crypto-regulations/" rel="noopener noreferrer nofollow"> European Parliament votes to strengthen sanctions enforcement, including crypto regulations </a>
According to a press release shared with crypto.news, the funding coincides with D2X becoming the first entity in <a href="https://crypto.news/tag/europe/" target="_blank" rel="noopener noreferrer nofollow">Europe</a> to obtain a MiFID MTF, a license for a crypto trading venue to operate within the EU, issued by the Dutch Authority for Financial Markets (AFM). The exchange says the approval grants it authorization to operate a regulated trading venue for cash-settled crypto futures and options.
Set to debut later this quarter, D2X has already solidified a “strategic partnership” with a top-tier EU credit institution, although the specifics of this collaboration remain confidential. In response to the funding success and regulatory approval, Frederic Colette, the incoming CEO of D2X, expressed enthusiasm, highlighting the exchange’s commitment to establishing a new standard of reliability within the digital assets sphere.
Established in 2016, Point72 Ventures operates as the venture capital division of Point72 Asset Management, an esteemed hedge fund established by billionaire <a href="https://crypto.news/tag/steve-cohen/" target="_blank" rel="noopener noreferrer nofollow">Steven A. Cohen</a>. Specializing in early-stage technology investments, the venture arm focuses on diverse sectors such as crypto, fintech, artificial intelligence, cybersecurity, and digital health.
Read more: <a href="https://crypto.news/billionaire-steven-cohens-invests-in-cryptocurrency-hedge-fund/" rel="noopener noreferrer nofollow"> Billionaire Steven Cohen’s invests in cryptocurrency hedge fund </a>

Steven Cohen’s Point72 Ventures backs European crypto exchange D2X in $10m funding

crypto.news

2024년 3월 14일에 게재된 다른 기사

Solana: Whales handing off SOL holdings means this for price prediction

Top Kaspa Analyst Explains Why He Is Not Going All In on KAS

VanEck’s Move with Spot Bitcoin ETF Boosts Investor Demand!

IRCTC Introduces NFT Train Tickets During Holi

Dogecoin Soars After Unexpected Shoutout from Prominent Influencer

Smart Trader Nets $3.39M Profit Amidst Memecoin Surge

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!