is your single stop for crypto

ErisX Crypto Trading Platform Raised over $27M Funding by Bitmain, Fidelity Investments, ConsenSys, Monex Group and Nasdaq Ventures

Cryptocurrency Exchange

ErisX is a crypto trading platform that has recently hosted a Series B funding round and managed to raise $27.5 million, according to a company announcement.

Some of the major investors of this new platform for digitals assets and derivatives trading, ErisX, include Nasdaq Ventures, Fidelity Investments, ConsenSys and Bitmain and is being created by the Eris Exchange, a market provider for derivatives. In previous announcements, they had planned launching the likes of crypto futures.

ErisX is aiming to be a future clearinghouse and market that is regulated by the Commodity Futures Trading Commission, which will give them a lot of respect and authority in the space. They also want to be a crypto spot market, but there is no jurisdiction in this aspect for the CFTC.

Talking about this recent funding round, their CEO spoke about their future plans said that, “With increasing financial support from leading-edge firms, ErisX stands to provide the most robust, secure and regulated digital asset offering available to both institutional and individual participants.”

By the second quarter of 2019, they are hoping to have their spot contracts launched, with the second half of 2019 being reserved for their launch of future contracts.

Of the investors, they seem to be hoping that the bringing together of traditional and digital classes of assets can be helped through this project. It will also help to bring the attention of the worldwide institutional financial services sector to bear on the potential of crypto investing, making it a more familiar and understandable pursuit than it is in its current form. There is a lot of institutional money out there looking for opportunities and this may have a lot of potential going forward into the future.

Leave a Reply

Please Login to comment