Stablecoined-settled trading platform Thalex closes funding

Thalex, which offers stablecoin-settled crypto options and future, has closed its Series A on €7.5m.

The round was backed by Bitfinex, Bitstamp, Flow Traders, IMC, QCP and Wintermute.

These funds will help Thalex support its mission of enabling on-exchange trading of crypto derivatives at scale by removing friction.

Some of the key features of the Thalex trading platform include linear BTC and ETH contracts with multi-collateral support, anchored trading fees, future rolls with dedicated order books and RFQs for multi-leg options and futures strategies, in any size.

The company is also 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.

Bitstamp CEO Jean-Baptiste Graftieaux 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.”

Earlier in the week, the UK saw the launch of its first regulated stablecoin. blackfridge launched poundtoken, which is fully backed by 1:1 by pound sterling.

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