STS Digital raises $30 million to expand crypto options platform
Analysis
Price Impact
LowWhile a significant funding round for a crypto options platform is positive news for the derivatives market, it doesn't directly impact the price of specific cryptocurrencies like btc or eth in the short term. the focus is on infrastructure and institutional access, which benefits the ecosystem broadly.
Trustworthiness
HighThe information is from coindesk, a reputable crypto news outlet, and details a funding round with named investors like cmt digital and kraken's parent company, payward. the figures and purpose of the funding are clearly stated.
Price Direction
NeutralThis news is more about market infrastructure and institutional adoption of crypto derivatives rather than a direct catalyst for the price movement of major cryptocurrencies. it suggests a growing maturity in the crypto market but doesn't provide immediate buy or sell pressure on individual coins.
Time Effect
LongThe long-term effect could be positive as increased institutional access and liquidity in options markets can lead to greater stability and adoption of cryptocurrencies. however, the immediate price impact is minimal.
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Finance Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email STS Digital raises $30 million to expand crypto options platform The Bermuda-based firm offers trading across 400+ cryptocurrencies with spot, vanilla, and exotic options, targeting institutional demand as crypto options open interest reaches $40 billion. By Francisco Rodrigues , AI Boost | Edited by Sheldon Reback Feb 26, 2026, 12:40 p.m. Make us preferred on Google STS Digital raised $32 million (Dmytro Glazunov/Unsplash/Modified by CoinDesk) What to know : STS Digital raised $30 million from CMT Digital, Kraken exchange parent Payward and other investors to expand its institutional trading platform. The Bermuda-based firm offers trading across 400+ cryptocurrencies with spot, vanilla and exotic options targeting institutional demand. STS aims to become a foundational liquidity layer for crypto derivatives, capitalizing on growing institutional adoption of options for hedging and yield generation. STS Digital, a trading firm specializing in crypto options, said it raised $30 million in a strategic round backed by CMT Digital, crypto exchange Kraken’s parent company Payward , and other investors. The company plans to use the funds to scale its institutional trading platform and solidify its role as a liquidity provider in digital asset markets, according to a statement shared with CoinDesk. Based in Bermuda, STS Digital allows institutions to trade more than 400 cryptocurrencies across spot, vanilla and exotic options, and structured products through a single interface that supports web, API and voice. Options are a growing part of institutional crypto portfolios as firms use them to hedge risk and generate yield during volatile market conditions. Open interest is currently around $40 billion, according to TheTie, with the lion’s share on Deribit. “This investment enables us to meet the explosive demand from institutional investors for our spot, options and structured product pricing,” said chairman and co-founder Gideon Hyams. “As banks, asset managers and financial intermediaries rush to integrate our pricing engine, this funding ensures we stay ahead of demand.” In the statement, CMT Digital, the round’s lead investor, said it sees STS as being positioned to become “a foundational liquidity layer for crypto derivatives.” Crypto Options Trading Fundraise Derivatives AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards . For more information, see CoinDesk's full AI Policy . More For You Blockfills co-founder and CEO Nicholas Hammer has stepped down By Will Canny | Edited by Aoyon Ashraf 18 hours ago The crypto lender suspended client deposits and withdrawals earlier this month due to recent market and financial conditions. What to know : Blockfills co-founder Nicholas Hammer has stepped down as CEO of the crypto lender. Some clients were urged to withdraw assets before the platform froze deposits and withdrawals on February 11, the source said. The Chicago-based firm, which handled over $60 billion in 2025 trading volume, was hit during a broader market downturn and is said to be seeking a buyer. Read full story Latest Crypto News Bitcoin's bounce fails to convince options traders 25 minutes ago Bitcoin stalls below $70,000 while DOT, UNI lead altcoin surge 1 hour ago Three companies add Strategy's STRC to treasury as shares return to par 1 hour ago The 10 a.m. mystery: Why bitcoin’s daily ‘price slam’ suddenly vanished after a massive lawsuit 2 hours ago Bitcoin touches $70,000 before fading as altcoins lead the strongest bounce in weeks 7 hours ago Uniswap’s UNI jumps 15% as governance vote to expand fee switch gains momentum 7 hours ago Top Stories Nvidia earnings smashed expectations as the world’s largest company CEO says AI is only getting better 14 hours ago MrBeast editor nabbed by prediction market firm Kalshi for alleged insider trading 17 hours ago A $100 million crypto campaign fund with a pro-Trump vibe so far failed to show up 19 hours ago Endowment funds eye crypto allocations amid tougher return outlook for traditional investments 21 hours ago The chief of the SEC is headlining an event sponsored by a crypto firm at war with it 22 hours ago Circle shares surge by record 35% as USDC issuance drives estimate-busting earnings Feb 25, 2026