US-Based Exchange ErisX Officially Announces Public Launch of Spot Market

Published at: April 30, 2019

 

Chicago-based crypto exchange ErisX has officially announced the public launch of its spot market, according to a press release shared with Cointelegraph.

The ErisX spot exchange is the first part of the company’s development of a single platform that will represent both a digital asset spot and regulated futures exchange, the firm said in the announcement.

Subsequently after the announcement, ErisX reportedly enabled support of United States dollar trading pairs with major cryptocurrencies such as bitcoin (BTC), ether (ETH), bitcoin cash (BCH) and litecoin (LTC), according to crypto news outlet Coindesk.

Coindesk writes that ErisX is already in touch with a number of companies that are willing to trade on its platform at launch without disclosing any names.

Cointelegraph first reported on ErisX’s plans to launch spot trading on April 24, with some financial firms such as U.S. retail brokerage TD Ameritrade reportedly testing the exchange.

Along with the spot trading launch, ErisX also announced the closing of a third round of Series B investors, adding new investors including Arc Light Securities, Castle Island Ventures, Dragonfly Capital Partners, Flow Traders, Tradestation and New York Digital Investment Group. The company also noted that it received additional support from existing investors including Cboe Global Markets, CMT Digital, Consensys, Nasdaq Ventures, Pantera Capital and others.

ErisX is awaiting approval from the Commodity Futures Trading Commission to launch a regulated futures exchange along with a clearinghouse, the report notes.

Yesterday, Intercontinental Exchange-backed institutional crypto trading platform Bakkt announced the acquisition of crypto custodian service Digital Asset Custody Company.

Tags
Adoption
Bitcoin
United States
Cryptocurrencies
Chicago
Related Posts
Zip eyes millennials with planned launch of crypto trading in the US next year
Australian "buy now, pay later" (BNPL) firm Zip , the smaller rival to Square’s recently-acquired Afterpay, is hitching its future growth prospects to the cryptocurrency industry. Zip USA CEO Brad Lindenberg told attendees at the company's first retail investor day that “The innovation around crypto feels like the internet did in 1995.” The company’s interest in crypto has been hinted at previously and has now materialized into a concrete plan: A project that integrates crypto trading functionality for United States users and enables its merchants to accept Bitcoin (BTC) payments. Zip's internal research, which found that BNPL users are 67% …
Adoption / Sept. 14, 2021
64% of US adults are interested in crypto, new survey shows
Nearly two-thirds of adults in the United States are interested in learning more about cryptocurrencies like Bitcoin (BTC) or holding them soon, according to a new survey. Gemini, a crypto trading platform owned by Tyler and Cameron Winklevoss, released a new State of U.S. Crypto Report, providing insights about consumer trends in the crypto market in the U.S. The data was collected from a national survey of 3,000 U.S. adults aged 18 to 65 with $40,000 or more in household income. The report points to a significant expansion and diversification of the nation’s crypto investors over the course of 2021. …
Adoption / April 21, 2021
ING Bank Survey Reveals Interest in Crypto Will Double in Near Future
Research company Ipsos on behalf of ING Bank B.V. has conducted a study on how cryptocurrencies are perceived across Europe, Australia and the U.S., which reveals that interest in the technology is expected to double in the future. While only 9 percent of respondents own crypto, 25 percent said they will own some in the future. The highest percent (18 percent) of crypto ownership is reported in Turkey, while the lowest (4 percent) is in Luxembourg. The survey is reportedly conducted several times a year and takes into account gender, age and population in each country, while consumer figures are …
Adoption / June 27, 2018
Bloomberg Terminal Lists Crypto Market Index From World’s Third Largest Exchange Huobi
Bloomberg Terminal, a paid financial data monitoring service, will now list crypto exchange Huobi's Cryptocurrency Index, according to a press release shared with Cointelegraph today, June 21. Bloomberg Terminal will also list prices for nine crypto trading pairs, denominated in Tether (USDT), including Bitcoin (BTC), Litecoin (LTC), Bitcoin Cash (BCH), Ethereum Classic (ETC), Ripple (XRP), Dash, EOS, and ZCash. The Huobi 10 Index, designed by the Huobi Group, is calculated using asset classification and a weighted average method to track the performance of the top 10 traded digital assets on Huobi’s exchange. The press release notes that Bloomberg Terminal’s addition …
Adoption / June 21, 2018
What should the crypto industry expect from regulators in 2022? Experts answer, Part 1
Yat Siu of Animoca Brands Yat is the co-founder and executive chairman of Animoca Brands, which delivers digital property rights to the world’s gamers and internet users, thereby creating a new asset class, play-to-earn economies and a more equitable digital framework contributing to the building of the open Metaverse. “Regulation will start to become more defined in 2022, although how, exactly, remains to be seen. 2021’s milestone was probably the substantial growth in public awareness of blockchain — Collins Dictionary even declared ‘NFT’ the word of the year.” These quotes have been edited and condensed. The views, thoughts and opinions …
Decentralization / Jan. 8, 2022