Amsterdam’s D2X Raises €4.3M Funding

CMT Digital, a global proprietary trading and venture capital firm, backs early-stage companies driving blockchain and Web3 adoption.

Charlie Sandor, Investment Partner at CMT Digital, comments, “At CMT Digital, we have long believed that regulatory clarity and institutional infrastructure are key to unlocking the next chapter of digital asset adoption. D2X addresses two of the most pressing challenges for European institutional investors: the lack of regulated trading venues and the disconnect between 24/7 crypto markets and traditional exchange hours. With its MTF license and robust, weekend-ready trading architecture, D2X sets a new benchmark for crypto derivatives in Europe. We’re proud to back a team that is building the infrastructure institutions need to participate in this evolving market with confidence.”

Existing investors — Point72 Ventures, Tioga Capital, GSR, and Fortino Capital — also joined the round.

D2X will use the capital to enhance product development and onboard more institutional clients. This follows its €9.1M Series A round raised last year.

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D2X is notably the first crypto derivatives exchange in the EU to receive a MiFID MTF license from the Dutch Authority for Financial Markets (AFM).

The company recently launched USD-denominated Bitcoin and Ethereum futures, with USD options for both assets expected soon, addressing growing institutional demand.

Founded by Theodore Rozencwajg, Don van der Krogt, and Laetitia Grimaud, D2X is a European exchange offering institutional-grade derivatives for digital assets.

Its mission is to connect traditional finance with the crypto ecosystem.

D2X’s product lineup includes BTC-USD, ETH-USD, BTC-EUR, and ETH-EUR Dated Futures, with Options launching soon.

In 2023, it became the first regulated (MiFID II) crypto futures and options venue in the Netherlands, supporting institutional adoption.

D2X also introduced a unique post-trade model enabling 7-day trading under MiFID II compliance.

Theodore Rozencwajg, Co-founder at D2X, comments, “We are thrilled to welcome strategic investors who share our vision for a compliant and robust digital asset ecosystem. This funding allows us to enhance our product suite and accelerate the onboarding of Tier-1 institutions that require a trusted, regulated trading venue.”

About D2X

Founded in 2020, D2X is the first crypto derivatives exchange regulated in a Tier 1 jurisdiction, operating 7 days a week. Based in the Netherlands with a MiFID II MTF license, it offers BTC/ETH futures and has raised €16M+ from top investors like Point72 Ventures and Flow Traders.