Crypto News: NASDAQ and Fidelity Invests In Crypto Exchange, ErisX
Crypto News: ErisX, a Chicago-based cryptocurrency exchange announced on Tuesday, that it raised $27.5 million in a funding round that included Fidelity Investments and Nasdaq Ventures.
According to a Reuters report, the platform will offer both spot trading in Bitcoin (BTC), Ethereum (ETH) and Litecoin(LTC), and futures markets starting next year, subject to regulatory approval.
While Nasdaq confirmed its participation in funding, the world’s second-largest stock exchange did not reveal the amount involved. Fidelity has not responded to requests for comments by press time.
The Chief Executive Officer of ErisX Thomas Chippas said that the investments will be used to hire staff and “build out our infrastructure and secure the appropriate steps are taken to develop a regulated market for digital assets.”
In October, ErisX closed its first round of funding, which saw investment from retail brokerage TD Ameritrade Holding Corp, private equity firm Valor Equity Partners and Cboe Global Markets Inc.
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