10T Holdings, a growth equity fund, and Akuna Capital, a trading firm, have become shareholders of cryptocurrency derivatives exchange Deribit. According to an official statement, the firms purchased an undisclosed amount of shares in the parent company of DRB Panama.
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The exchange claims its total notional turnover in the first half of 2021 reached $528 billion, up to 630% increase against the same period in 2020. Options contracts traded have also more than doubled in 2021 vs 2020, however, the exchange did not specify the numbers.
"We are thrilled to make a significant investment in Deribit as no business in the digital asset ecosystem is as dominant in its sphere as Deribit is in theirs," said Dan Tapiero, CEO of 10T Holdings.
The trend for investments in cryptocurrency exchanges continues evolve rapidly. As iHodl earlier reported, US investment company Tiger Global Management acquired 2.6 million shares of Coinbase for a total of $680 million.
The investment in Coinbase allows Tiger Global to gain access to the crypto market, as the platform's shares correlate with digital assets.
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