STS Digital raises $30 million to expand crypto options platform
STS Digital secured $30 million in funding to scale its institutional crypto options trading platform.Summary
Bermuda-based STS Digital, a firm specializing in crypto options trading, announced it raised $30 million in a strategic funding round. Investors included CMT Digital and Payward, the parent company of crypto exchange Kraken. The company intends to use the capital to scale its institutional trading platform, which offers spot, vanilla, and exotic options across over 400 cryptocurrencies via a unified interface supporting web, API, and voice. STS Digital aims to solidify its position as a key liquidity provider as institutional demand for crypto options—where open interest is near $40 billion—continues to grow for hedging and yield generation. CMT Digital, the lead investor, believes STS is positioned to become a foundational liquidity layer for crypto derivatives.
(Source：CoinDesk)