ErisX Wins Additional Support from Influential Investors, Publicly Launches Spot Market
With backing from a wide range of new and existing investors in the traditional capital markets and digital asset space, ErisX is publicly launching its spot market and inviting market participants to trade on our platform .
ErisX today announced the closing of a third round of Series B
investors. The new group of market participants supporting ErisX
includes: Arc Light Securities, Castle Island Ventures, Dragonfly
Capital Partners, Flow Traders, Tradestation and New York Digital
Investment Group (NYDIG), whose COO and CFO Rob Flatley has been named
to the ErisX Board of Directors.
ErisX
also received additional support from existing investors including: Cboe
Global Markets, CMT Digital, Consensys, CTC, DRW Venture Capital, ED&F
Man Capital Markets Inc., Nasdaq Ventures, Pantera Capital, Susquehanna
International Group, and Virtu Financial.
With backing from a wide range of new and existing investors in the
traditional capital markets and digital asset space, ErisX is publicly
launching its spot market and inviting market participants to trade on
our platform.
"We took a disciplined and methodical approach to the launch of the
ErisX spot market. As experienced market professionals we know that a
launch such as this is a process, not a one-off event,” said Thomas
Chippas, CEO of ErisX. “We are moving from an initial phase to a public
launch, and will continue to work with our partners, investors, and
regulators to expand access.”
The launch of ErisX’s spot market is the first part of the vision for a
unified digital asset spot and regulated futures exchange. Building
foundational exchange and clearing infrastructure to address offerings
for cash transactions, ErisX will launch a regulated futures exchange
and clearinghouse later this year, pending approval from the Commodity
Futures Trading Commission, to provide hedging and risk management tools
for digital assets. These complementary offerings will enable trading of
both spot and futures on a single infrastructure, an industry-first in
the digital asset space, which creates collateral efficiency in ErisX’s
fully funded model.
“We are the primary digital asset conduit for delivering institutional
grade asset management, custody and execution solutions,” said Rob
Flatley, COO and CFO of NYDIG. “ErisX is vital to the evolution of
market structure and is completely aligned with our notion of best
execution for both retail and institutional investors. We are excited to
partner with them to bring proven trading and custody practices into
this space.”
“TradeStation is actively working to help bridge the gap between
traditional markets and crypto markets. Our investment in ErisX supports
further advances in the crypto market structure and will help bring more
established players into the space,” said John Bartleman, President of
TradeStation Group. “Supporting firms like ErisX, that understand
regulation and markets, benefits the crypto ecosystem.”
ErisX invites individuals to sign
up for invite code access to our market, and institutions to contact [email protected].
About ErisX
ErisX offers individuals and institutions a single, innovative platform
to access digital asset spot and futures markets. By combining
professional tools, advanced technology, sophisticated regulatory
oversight, and a diverse product set, ErisX offers compliant, capital
markets friendly workflows to digital market participants. Backed by
some of the worlds largest trading firms and financial institutions,
ErisX brings transparency and reliability to the digital asset class.
ErisX, Eris Exchange, and the ErisX and Eris Exchange logos are
trademarks of the Eris Exchange group of companies.
Aspects of ErisX’s offering are subject to regulatory approval,
including its pending license as a clearing organization with the CFTC.
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