Fidelity, Bitmain and Others Invested $ 27.5 Million in ErisX Crypto Trading Platform
ErisX Crypto Trading Platform Announces Completion Of Series B Investment Round At $ 27.5M On Tuesday.
Bitmain, ConsenSys, Fidelity Investments, Nasdaq Ventures and Monex Group participated in this investment round – all of them invested in ErisX for the first time. It was created by the American futures exchange Eris Exchange and is planned as a platform for trading crypto derivatives and cryptocurrencies..
The investment round was also attended by former ErisX investors: CTC Group Investments, Digital Currency Group, DRW Venture Capital, Pantera Capital and Valor Equity Partners. In addition, TD Ameritrade brokerage firm previously invested in ErisX.
The ErisX crypto platform is expected to become a futures exchange regulated by the US Commodity Futures Trading Commission (CFTC). In addition, ErisX will serve as a cryptocurrency spot market, however the CFTC does not regulate this area..
According to the CEO of the company, Thomas Chippas, the attracted investments will go to the development of the platform, as well as to increase the ErisX team..
“With new financial backing from leading firms, ErisX is on the alert to offer retail and institutional investors the most reliable, secure and regulated digital asset trading offering,” he added..
According to the ErisX website, the platform will start offering spot contracts in Q2 2019, with futures contracts scheduled to launch in the second half of 2019..
The press release also quotes ConsenSys CEO Joseph Lubin – in his opinion, ErisX is “an important step in continuing the convergence of digital and traditional assets in the field of global institutional financial services.”.
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