STS Digital raises $30 million to expand crypto options platform

CoinDesk

by Francisco Rodrigues

February 26, 2026

AI-Generated Deep Dive Summary

STS Digital, a Bermuda-based cryptocurrency trading firm specializing in crypto options, has secured $30 million in funding to expand its institutional platform. The investment comes from notable backers including CMT Digital, Kraken’s parent company Payward, and other major investors. STS Digital plans to use these funds to scale its operations, enhance liquidity provision, and meet the growing demand for crypto options trading among institutional players. The company offers access to over 400 cryptocurrencies across spot, vanilla, and exotic options, as well as structured products through a single interface. This platform is particularly appealing to institutions looking to hedge risk or generate yield in volatile markets. With open interest in crypto options currently at $40 billion—mostly on Deribit—STS Digital aims to solidify its position as a key liquidity provider in the digital asset space. Institutional adoption of crypto options has surged, driven by the need for hedging tools and revenue-generating strategies. STS Digital’s chairman, Gideon Hyams, highlighted that the funding will enable the firm to meet the rising demand from banks, asset managers, and financial intermediaries seeking its pricing engine. CMT Digital, the lead investor in this round, views STS as a potential cornerstone for crypto derivatives liquidity. This investment underscores the growing importance of crypto options in institutional portfolios. As traditional金融机构 increasingly explore digital assets, platforms like STS Digital are well-positioned to play a pivotal role in providing essential trading and hedging tools. The expansion of such platforms not only enhances market liquidity but also supports institutions in navigating the complexities of cryptocurrency markets more effectively.

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Originally published on CoinDesk on 2/26/2026