ErisX cryptocurrency trading platform closed a round of financing for Series B, managing to raise $27.5 million from such companies like Bitmain, ConsenSys, Fidelity Investments, Nasdaq Ventures, and Monex Group.
In addition to the above-mentioned investors, ErisX also raised funds from CTC Group, Digital Currency Group, DRW Venture Capital, Pantera Capital, and Valor Equity Partners.
As reported above, ErisX will be a combined market for trading in both cryptocurrencies and bitcoin futures. According to the ErisX roadmap, the platform expects to launch spot contracts in the Q2 2019, and the launch of futures contracts is scheduled for the second half 2019.
General Director Thomas Chippas said that all the money ErisX gathered during the round would be directed to the creation of a platform, as well as the expansion of the team. ,
“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 added.
Joseph Lubin, CEO of ConsenSys, believes that the new platform is an important step in continuing to bring digital and traditional classes closer.
Commenting on the round the CEO of Bitmain, Jihan Wu said that a lot of company’s customers were looking for “various hedging solutions” and the fact that ErisX is compliant with U.S. regulations is making such investment far-sighted.
Recently it has also become known that Fidelity, which participated in the round is planning to widen its services. The head of Fidelity Digital Assets, Tom Jessop stated at the Block FS conference in New York, that the firm is looking to expand its institutional crypto asset platform to include trading services for the top 5 to 7 cryptocurrencies ranked by market cap.
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