Contact us at hello@techheading.com for Guest Posting, Adding link to an already existing Post and for your Product or Service Advertisement 


ErisX, a Chicago-based cryptocurrency exchange platform company, announced that it has raised $27.5 million in Series B funding from a group of investors ranging from traditional capital and digital asset markets such as Bitmain, ConsenSys, Fidelity Investments, Nasdaq Ventures, and TradeStation Securities’ parent company Monex Group.

What does ErisX do? ErisX offers individuals and institutions a single platform to access digital asset spot and futures markets.

Essentially, ErisX will enable investors to trade cryptocurrencies such as Bitcoin, Litecoin, and ether on spot and futures starting next year following regulatory approval. ErisX is also expecting regulatory approval from the Commodity Futures Trading Commission, according to Built In Chicago.

The company combines professional tools and regulatory oversight through its Exchange. And it will operate as an “intermediary-friendly, CFTC-regulated futures exchange (registered) and clearing organization (registration pending), as well as a spot market for digital assets.”

The company is led by CEO Thomas Chippas, chief commercial officer Kelly Brown, and Head of Clearing Liz James along with a number of other derivatives and digital asset experts.

“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,” said Chippas in a statement. “Closing this second round of funding enables us to continue building our modern platform and expand our team.”

Existing investors CTC Group Investments, Digital Currency Group, DRW Venture Capital, Pantera Capital, and Valor Equity Partners also participated in this round. And the new investors are part of an earlier group that include TD Ameritrade, Virtu Financial, NEX Opportunities, Cboe Global Markets, CTC Group Investments, Nico Trading, Third Stone Partners, CMT Digital, Susquehanna International Group, XR Trading, C2 Capital Management, and ED&F Man Capital Markets.

READ  Denmark’s Largest Bank May Have Facilitated up to $150 Billion in Money Laundering



Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here