The cryptocurrency trading platform STS Digital has completed a $30 million financing round, led by CMT Digital
The cryptocurrency trading platform STS Digital recently announced the completion of a $30 million financing round, led by CMT Digital, with participation from Kraken, Arrington Capital, and Fidelity's investment division.
The platform focuses on providing options trading services for over 400 cryptocurrencies to institutional investors and acts as a market maker to provide liquidity. STS Digital was founded in 2022 by former Credit Suisse and UBS traders Maxime Seiler and Gideon Hyams, and has now grown to nearly 50 employees. The company expects to triple its revenue between 2024 and 2025, has already achieved profitability, and counts well-known crypto firms such as Uniswap Foundation among its clients. The company plans to use this funding round to expand its trading scale, serve larger institutional clients, and increase its workforce. Amidst the volatility in the crypto market, STS Digital believes that options trading offers institutional investors better risk management tools compared to perpetual contracts.
You may also like

Morning News | Coinbase partners with Standard Chartered Bank to expand multi-currency fiat channels; Sharplink and Forward will be included in the Russell Index; JPMorgan may issue stablecoins in the future

Morning News | Hyperliquid launches off-chain event prediction market contracts; Strategy completes $1.5 billion debt buyback; Kelp DAO announces rsETH has fully recovered

Bankless Founder: Why I Sold All My ETH

Senior Public Company Financial Audit: Taking Hashkey as an Example, Discussing Which Account to Include for Exchange Issued Platform Tokens?

How did Micron win a trillion-dollar market value while Samsung relies on technology cycles and Hynix relies on HBM?

Dialogue with AEON co-founder Leo: The real bottleneck of the Agentic Economy is not the model, but the settlement

2 years, 225 times the return? Unveiling the mysterious researcher Serenity's AI "bottleneck" investment technique

B.AI partners with BNB Chain to launch the "Billion AI Token Subsidy" celebration, fully igniting the on-chain intelligent agent ecosystem

The trillion-dollar frenzy of selling memory, profits from buying memory are halved

Who can make money in the era of Agents?

From brokerages to banks, Hong Kong intensifies efforts to clean up cross-border investment account openings

DeFi has reached its most dangerous moment: the real vulnerabilities are not in the code

Morning Report | Binance launches DYOR research tool; YZi Labs launches recruitment platform YZi Talent; Vitalik states that the Ethereum Foundation will "downsize" and reduce the amount of ETH sold

Insiders betting on Musk are reaping "historic returns."

Ten Thousand Characters Breakdown of On-Chain Vaults: Eight Major Tracks, Who is Rising and Who is Declining?

Behind NEAR's Doubling: 3 Major Trends Becoming the Engine of Coin Prices

Visa and Stripe are both working on stablecoins, but their focus is not on payments



