Cryptocurrency market trader Arbelos completes $28 million financing, Dragonfly leads the investment

On May 8, crypto market trader Arbelos completed a $28 million financing round led by Dragonfly, with participation from FalcolnX, Circle, Paxos, Polygon and Deribit. Arbelos Markets will focus primarily on derivatives and over-the-counter transactions for institutional participants, providing trading liquidity for companies such as hedge funds and venture capital firms, and serving as a counterparty for popular products such as options and futures.