ErisX, having operated a regulated Designated Contract Market (DCM) for the last 7 years, are moving all that experience and applying it to digital currencies and assets. Last year board members approved the move to focus on cryptocurrencies and soon after filed their Derivatives Clearing Organization (DCO) request to the US Commodity Futures Trading Commission (CFTC). If all goes well and approval is given, ErisX aims to launch crypto spot trading in Q2 of 2019 and Futures in the second half of the year.

Starting with Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH) and Litecoin (LTC), the ErisX solution provides trading, deposits and withdrawals on a stable capital markets technology infrastructure.

With a regulated, liquid and accessible offering, ErisX will enhance the digital asset space for institutional and retail traders alike.

Thomas Chippas, CEO ErisX stated that funding would go towards developing the platform and growing the ErisX team, adding:

“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.”

Joseph Lubin, CEO Consensys talking as one of the latest funders stated ErisX was:

“An important step in continuing the convergence of digital and traditional asset classes in global institutional financial services.”

The rush to gain a foothold within the crypto space continues, ErisX views itself according to its own wesbite as one of those leaders “to lead digital asset market evolution” by integrating digital asset products and technologies into reliable, compliant, and robust capital markets workflows.