PANews reported on February 26 that, according to Fortune magazine, STS Digital, a cryptocurrency options trading platform for institutional investors, has completed a $30 million funding round led by CMT Digital, with participation from Kraken, Arrington Capital, and Fidelity Investments.

STS Digital offers options contracts for over 400 cryptocurrencies and acts as an options market maker to provide liquidity to asset pools. The company currently has nearly 50 employees, clients including the Uniswap Foundation, and projects its annual revenue will triple between 2024 and 2025. This round of funding will be used to expand trading volume and hire more staff.