D2X has launched as the first MiFID-regulated crypto futures and options exchange operating seven-days-a-week with the aim of accelerating institutional adoption of digital assets by offering a compliant and secure trading platform.
As crypto derivatives volumes continue to soar, D2X’s regulated trading platform will remain open over the weekend. Unlike crypto-native exchanges, D2X offers an alternative post-trade model that includes cash collateral management services in partnership with a Tier-1 EU Credit Institution. The model features off-exchange collateral and mitigates counterparty risk, addressing the industry’s growing need for regulatory compliance and robust risk management practices.
D2X operates under a Multilateral Trading Facility (MTF) license granted by the Dutch Authority for the Financial Markets (AFM), fully adhering to the MiFID standards. The exchange launches with cash-settled BTC-EUR and ETH-EUR Calendar Futures, followed by USD-denominated Calendar Futures & Options scheduled for early 2025.
Day-one market participants on D2X include Flow Traders, Basis Capital Markets, and Algorithmic Trading Group. Earlier this year, D2X successfully closed its $10m Series A round led by Point72 Ventures, and the firm has also partnered with technology providers Talos and Actant, to facilitate connectivity and ensure “smooth integration for institutional clients”, according to a press statement.
