NASDAQ and Fidelity invest in ErisX exchange

Nasdaq and Fidelity financial giants continue to invest in the emerging ecosystem of cryptomeni. This latest investment is support for the ErisX crypto-exchange, which is also open to Wall Street. 

 

NASDAQ continues to invest in cryptos 

Cryptoexchange ErisX announced today in Chicago that it has received $ 27.5 million in funding. Contribution received from a group of investors headed by Nasdaq Ventures and Fidelity Investments, although the level of investments of these companies has not been published. 

"With the growing financial support of top companies, ErisX provides a more stable, secure, and more regulated offer of digital assets, both available to both institutional and individual participants, Thomas Chippas, CEO of ErisX. " 

 

"Closing this second round of funding will allow us to continue building our modern platform and enable our team to expand." 

Several major companies dealing with cryptobusiness also participated in this round of funding. Nor did the mining giant Bitmain, developer of Ethereum, Consensys.  According to the website of the company, ErisX will offer trading in the so- spot contracts, as well as futures contracts with initial support for Bitcoin, BitcoinCash, Ethereum, and Litecoin. 

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CFTC authorization and individual licenses 

Spot contracts will be launched in the second quarter of 2019. The company plans to offer futures and other products later this year. It will do so after receiving approval from the CFTC to act as a derivative settlement organization (DCO).  In addition to CFTC, ErisX plans to receive an individual state license from all 50 US states. It will allow investors in the US to trade on the stock even through fiat names. 

 

Conclusion 

In the past, ErisX has obtained funds from, for example, retail companies such as TD Ameritrade, Virtu Financial and also CBOE options. The rise of Fidelity and Nasdaq caliber investors sends a signal to Wall Street that cryptos should not be ignored and that ErisX is a reputable alternative to "unregulated" cryptoexchange.