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Point72 Ventures Leads $10 Million Funding Round for Dutch Crypto Exchange D2X

European crypto derivatives exchange D2X has secured $10 million in a Series A funding round led by Point72 Ventures, signaling growing interest in the European crypto landscape.

The Netherlands-based D2X announced the successful closure of its funding round, with participation from Point72 Ventures and GSR Markets, among others. While the exact valuation of the company post-funding was not disclosed, a representative from D2X stated that the investment will support efforts to attract liquidity, develop new features, and expand business operations primarily within the European Union (EU).

Tanya Levchenko, D2X’s marketing & communications specialist, noted the significance of Point72 Ventures, a U.S.-based investor, leading the funding round. This move underscores the increasing interest of institutions in the European crypto sector.

The funding round coincides with D2X’s achievement of becoming the first entity in Europe to obtain a MiFID MTF license from the Dutch Authority for Financial Markets (AFM). This license allows D2X to operate a regulated trading venue for cash-settled crypto futures and options within the EU.

Expected to launch later in the quarter, D2X has also formed a strategic partnership with a top-tier EU credit institution, details of which remain confidential. Frederic Colette, the incoming CEO of D2X, expressed excitement about the funding and regulatory approval, emphasizing the exchange’s commitment to establishing reliability within the digital assets sphere.

Point72 Ventures, established in 2016 as the venture capital arm of Point72 Asset Management, led by billionaire Steven A. Cohen, focuses on early-stage technology investments across various sectors, including crypto, fintech, artificial intelligence, cybersecurity, and digital health.

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