Fidelity, NASDAQ put their money behind new crypto exchange

The ErisX cryptocurrency exchange promises to be a unique platform compared to current exchanges.  It will offer spot and futures markets trading to both institutional and individual investors in a "fair and transparent" platform that will be regulated by the Commodity Futures Trading Commission (CFTC).  Its business model is proving to be popular, as both Fidelity Investments and NASDAQ have contributed to the company in its latest funding round, which attracted $27.5 million.

Thomas Chippas, the company's CEO and former Wall Street banker, states, "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.  Closing this second round of funding enables us to continue building our modern platform and expand our team."

ErisX has already received backing by a number of big-name financial firms, including Pantera Capital, CBOE Global Markets, TD Ameritrade, C2 Capital Management and many others.  The platform has reportedly already secured approval by the CFTC to operate as a futures exchange and has its registration pending with the commission to become a clearinghouse and a spot market. 

ConsenSys is also getting behind the company.  Its CEO, Joseph Lubin, explains, “The formation of ErisX is an important step in continuing the convergence of digital and traditional asset classes in global institutional financial services.  We are excited to invest and to be working with the extremely credible team. We look forward to seeing ErisX drive significant growth in institutional flows in both spot and futures digital asset markets in 2019.”

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