ErisX, a crypto exchange which is a favourite of several investment firms on the Wall Street has once again secured funding from two major Wall Street big fishes. The crypto exchange recently made it known that it has secured funding from the second largest stock exchange in the world — Nasdaq and a major investment banks — Fidelity investment.
ErisX Raised $27.5 Million From Investors
In a recent press release from ErisX, the exchange made it known that it has secured fundings worth $27.5 million from investors. The exchange made sure to note that the investment round was headlined by Nasdaq Ventures and Fidelity Investments. The amount of funds invested by each investor was not stated in the report.
The CEO of ErisX, Thomas Chippas has also issued a statement regarding the lasted funding. He stated 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,” He continued by saying that: “Closing this second round of funding enables us to continue building our modern platform and expand our team.”
ErisX which has previously raised funds from top-ranking investment companies such as TD Ameritrade, Virtu Financial, and CBOE also raised funds from several notable investment firms apart from Nasdaq and Fidelity during this round. A notable mention on the list is Bitmain and ConsenSys.
Bitmain’s investment was confirmed through a statement from the bitcoin miner manufacture’s CEO, Jihan Wu, which reads:
“Many of our customers have been seeking various hedging solutions and would be happy to see US regulatory compliant exchanges like ErisX provide spot and futures’ contracts in one platform. We are confident that our customers will find this strategic partnership beneficial.”
ErisX to Offer Both Spot Cryptocurrency Trading and Futures Contracts
Based on information sourced from ErisX’s official website,” the exchange will be offering both spot cryptocurrency trading and futures contracts, with initial support for bitcoin (BTC), bitcoin cash (BCH), ethereum (ETH), and litecoin(LTC).
The firms have also made it known that it has plans to launch the spot contracts in Q2 2019. However, futures and other options products are expected to commence once the exchange receives the CFTC approval to operate as a Derivatives Clearing Organization (DCO).