Crypto Futures Exchange Thalex Raises EUR 7.5 Million in Series A Round

Thalex, a trading platform offering stablecoin-settled crypto options and futures, announced it has closed its Series A funding round of EUR 7.5 million.

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Among the participants are Bitfinex, Bitstamp, Flow Traders, IMC, QCP and Wintermute. These strategic investors will support the company's ambition 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 is partnering with Bitfinex and Bitstamp to enable their customers to access the full suite of Thalex derivatives from their own user interface. Positions on Thalex can be opened with collateral held with the partner exchange after an instant and free transfer to a dedicated Thalex margin account. The Bitfinex partnership is expected to be operational later this year.

Paolo Ardoino, CTO of Bitfinex said:"We are delighted to participate in this funding round with Thalex and see huge potential for the stablecoin-settled futures and options market."

Jean-Baptiste Graftieaux, CEO of Bitstamp said:"Thalex's unique value proposition will enable Bitstamp to streamline our go-to-market for derivatives and participate in the fast-growing crypto derivatives market. This investment marks the beginning of a close strategic partnership and plays an important role in Bitstamp's corporate strategy."

Source: Finextra