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 on providing derivatives and over-the-counter trading services to institutional participants, aiming to provide trading liquidity for hedge funds and venture capital firms, and become a counterparty for popular products such as options and futures.