Crypto News: NASDAQ and Fidelity Invests In Crypto Exchange, ErisX

by | Dec 5, 2018 | Cryptocurrency, Cryptocurrency News

Crypto News | NASDAQ | Fidelity | 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.

Read more: Nasdaq Confirms It Will List Bitcoin Futures By Q1 2019

Arshmeet Hora

The idea of expressing one’s views and reviews through words is beyond intriguing. What started as a creative let out has now become a passion and a profession for Arshmeet K Hora. In her own words ” with every word, every article that I write, my passion towards this medium has grown stronger.”  Arshmeet covers latest crypto news and updates as well as what happening new revolving around Blockchain Technology.

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