US based ErisX announces launch of BTC spot markets

posted 6 months ago
Aspiring crypto derivatives provider ErisX launched a spot market. The exchange announced that it will immediately support dollar trading pairs with bitcoin, as well as bitcoin trading pairs with the other cryptocurrencies at launch. Chief strategy officer Matt Trudeau said, at launch, ErisX’s platform will include both its exchange and clearinghouse, allowing it to take custody of both cash and cryptocurrencies.

Up next is ErisX’s derivatives offerings, which are still pending regulatory approval. Should the Commodity Futures Trading Commission (CFTC) sign off on the startup’s derivatives clearing organization (DCO) license application, it plans to also offer Bitcoin futures. Trudeau said “We are engaged in an active dialogue with the CFTC and appreciate the staff’s diligence in reviewing our application.” ErisX is continuing to build out its technology, as well as raise funds to support it. Trudeau said “There’s a process to building a new market, so the exchange technology needs to be deployed, the [clearinghouse] stack needs to be deployed and tested, there also needs to be new clients.”
Tags: bitcoin, news