STS Digital raises $30 million to expand crypto options platform

Finance Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email STS Digital raises $30 million to expand crypto options platform The Bermuda-based firm offers trading across 400+ cryptocurrencies with spot, vanilla, and exotic options, targeting institutional demand as crypto options open interest reaches $40 billion. By Francisco Rodrigues , AI Boost | Edited by Sheldon Reback Feb 26, 2026, 12:40 p. m. Make us preferred on Google STS Digital raised $32 million (Dmytro Glazunov/Unsplash/Modified by CoinDesk) What to know : STS Digital raised $30 million from CMT Digital, Kraken exchange parent Payward and other investors to expand its institutional trading platform. The Bermuda-based firm offers trading across 400+ cryptocurrencies with spot, vanilla and exotic options targeting institutional demand. STS aims to become a foundational liquidity layer for crypto derivatives, capitalizing on growing institutional adoption of options for hedging and yield generation. STS Digital, a trading firm specializing in crypto options, said it raised $30 million in a strategic round backed by CMT Digital, crypto exchange Kraken’s parent company Payward , and other investors. The company plans to use the funds to scale its institutional trading platform and solidify its role as a liquidity provider in digital asset markets, according to a statement shared with CoinDesk.