Nasdaq & Fidelity Invest in ErisX

A group of investors, including Nasdaq Ventures and Fidelity Investments, have invested in ErisX. ErisX is a planned crypto and crypto futures exchange.[1][2]

The exchange will offer spot and futures trading on Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH) and Litecoin (LTC) to start. In the future they plan to add options trading.

Their planned launch is Q2 2019.

In other words, this is yet another product backed by the traditional players in finance aimed at custody and derivatives solutions for an array of traders and investors, importantly including institutional traders, with a 2019 launch date (another example being Bakkt).

FINE PRINT FROM SITE: ErisX is a planned offering of Eris Exchange, a CFTC-regulated Designated Contract Market, and Eris Clearing, which has a Derivatives Clearing Organization application pending with the CFTC. The CFTC does not have regulatory oversight authority over underlying or spot virtual currency products or transactions or virtual currency exchanges, custodians or markets.

Article Citations
  1. Nasdaq & Fidelity Invest in Wall Street Crypto Exchange ErisX.
  2. ErisX.

Author: Thomas DeMichele

Thomas DeMichele has been working in the cryptocurrency information space since 2015 when was created. He has contributed to MakerDAO, Alpha Bot (the number one crypto bot on Discord),...

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