Thalex, a Gibraltar-based trading platform offering stablecoin-settled crypto options and futures, said it has closed a Series A funding round of 7.5 million euro ($7.64 million).
Among the participants were Bitfinex, Bitstamp, Flow Traders, IMC, QCP and Wintermute.
These strategic investors will support the company’s effort to enable on-exchange trading of crypto derivatives at scale by removing friction, ensuring platform reliability and partnering with liquidity providers and major exchanges, Thalex said in a news release on Thursday.
The trading platform is available for public testing at www.thalex.com and will go live soon, the company said.
Thalex is in the process of being authorized as a regulated DLT provider by the Gibraltar Financial Services Commission.