D2X operates a MiFID II‑compliant multilateral trading facility (MTF) that offers crypto derivatives to institutional clients. The platform runs seven days a week and positions itself as the first regulated crypto derivatives exchange in a Tier‑1 jurisdiction to do so. D2X recently launched USD‑denominated bitcoin and ether futures and says options on both assets are coming soon. Collateral is held off‑exchange in partnership with banks to address custody and counterparty concerns for risk‑averse institutional investors. The company is using its regulated status and bank custody arrangements to bridge gaps in regulatory clarity and infrastructure that affect institutional participation in crypto markets. D2X is building a regulated (MiFID II) crypto futures and options trading venue aimed at institutional adoption. The platform is launching the first regulated crypto derivatives venue out of the Netherlands and will operate seven days a week. It facilitates off-exchange collateral accounts in partnership with a Tier-1 EU credit institution. Its initial product slate will feature cash-settled, EUR-denominated BTC and ETH derivatives. The company is led by CEO Frederic Colette and is positioning itself as a reliability-focused entry point for financial institutions into crypto derivatives. D2X recently raised funding that it plans to use to expand operations and development efforts. Founded in 2020 and based in Amsterdam, D2X is building an institutional-grade, regulated options and futures exchange for digital assets in Europe. The platform will list cash-settled derivatives denominated in euro to address operational and regulatory challenges limiting institutional adoption. D2X is designed as a plug-and-play solution for financial institutions, offering a robust risk management model and a reliable trading interface. The startup adopts a regulatory-first approach and plans to leverage upcoming EU crypto regulation to further extend its offering. The company aims to provide capital-efficient, clean exposure to digital assets while mitigating operational and regulatory risks. The €5 million seed round will be used to reinforce the core team and accelerate development of the exchange, with plans to expand internationally and to additional asset classes.

Total raised

$21M

Funding rounds

3

Latest round

Equity

Latest activity

Jul 2025