Crypto Trading Firm STS Digital Secures $30 Million in Funding

STS Digital, a Bermuda-based trading firm specializing in crypto options, has secured $30 million in funding from investors to expand its institutional trading platform. The company plans to use the funds to scale its platform and solidify its role as a liquidity provider in digital asset markets.

The investment was led by CMT Digital, with additional backing from Kraken's parent company Payward and other investors. STS Digital allows institutions to trade more than 400 cryptocurrencies across spot, vanilla, and exotic options through a single interface that supports web, API, and voice trading.

Crypto options are gaining popularity among institutional investors as they look to hedge risk and generate yield during volatile market conditions. With open interest currently around $40 billion, STS Digital is well-positioned to meet the growing demand for its services.