The cryptocurrency trading platform STS Digital has completed a $30 million financing round, led by CMT Digital
By: rootdata|2026/03/18 22:46:45
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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.
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