Crypto
STS Digital raises $30 million, targets institutional crypto options platform
Bermuda-based startup STS Digital has raised $30 million as it provides cryptocurrency options trading services for institutional investors during a market downturn. Fortune reported the round was led by venture investor CMT Digital, with participation from crypto exchange Kraken, venture firm Arrington Capital and Fidelity’s investment arm. STS Digital handles more than 400 crypto options contracts and also acts as a market maker to provide liquidity.
