Crypto trading platform ARBELOS announced the completion of a $28 million financing 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, as a counterparty for popular products such as options and futures. This round of financing will end in mid-2023.