Point72-Backed Crypto Venue Teams Up With ABN Amro On Collateral

Cryptocurrency derivatives exchange D2X will enable its institutional clients to keep their trading collateral with ABN Amro Clearing Bank, as larger financial institutions steadily enter the digital assets market.

The Amsterdam-based exchange — which is backed by Steve Cohen’s Point72 Ventures and market maker Flow Traders — said on Wednesday that the offering will allow its members to trade crypto futures and options on its venue while their collateral stays in segregated accounts in the name of the client.

This model — which is well-established in traditional markets — aims to eliminate counterparty risk to the exchange, Théodore Rozencwajg, ...