ErisX Receives BitLicense from NYFDS
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7 May
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Cryptocurrency derivatives platform ErisX has received BitLicense from the New York State Department of Financial Services (DFS).

According to an official statement, the watchdog approved the application of Eris Clearing, LLC, the clearing entity in the ErisX family of companies, for virtual currency and money transmitter licenses.

ErisX CEO Thomas Chippas says the company is pleased that the NYDFS recognized its commitment to the high standards it "borrowed from existing capital markets structures and applied them to the cryptocurrency space,"

"Our technology stack as well as regulatory framework, operations, and transparent marketplace are building blocks from the established commodity markets. They help us best protect our Members from market abuse and manipulation and preserve market integrity," Chippas added.

Wall Street-backed cryptocurrency exchange ErisX launched its bitcoin futures in December 2019.

In late 2018, the company received a significant investment from US broker TD Ameritrade Holding Corp.

Department of Financial Services of New York Updates BitLicense Terms

ErisX launched a spot trading platform for cryptocurrencies in April, while in July it received the approval from the CFTC to launch cash-settled bitcoin futures.

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