Markets

Crypto Exchange ErisX Raises $27M USD In Series B Funding

Regulated derivatives exchange ErisX has closed a $27.5 million Series B funding from an influential group of investors, including Nasdaq Ventures, Fidelity, ConsenSys and Bitmain.

ErisX is a new venture by the Eris Exchange group of companies designed to bring a regulated, transparent and stable venue to the digital asset market with the reliability and trusted infrastructure of a centralized exchange. ErisX plans to offer traders access to cryptocurrency spot contracts as well as futures contracts on a single exchange. The platform will initially support bitcoin, Bitcoin Cash, ethereum and Litecoin. The futures exchange has been already registered while the registration of the clearing organization is currently pending.

Thomas Chippas, Chief Executive Officer of ErisX, said that funding will enable the them to continue building their modern platform and expand their team. The company will leverage their investors’ strengths, experiences and knowledge in pioneering a single platform for digital asset spot and regulated futures contracts.

“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,” said Chippas.

Joseph Lubin, CEO of ConsenSys, said that the formation of ErisX is an important step in continuing the convergence of digital and traditional asset classes in global institutional financial services.

“We are excited to invest and to be working with the extremely credible team,” said Lubin. “We look forward to seeing ErisX drive significant growth in institutional flows in both spot and futures digital asset markets in 2019.”

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