ErisX completes Series B funding

Posted 05 December, 2018

US-based derivative crypto exchange – ErisX – reportedly completed Series B funding round.

The company received investments from different market participants including venture companies as well as the leading crypto segment players, like ConsenSys, Fidelity Investments, Bitmain, Monex Group and NASDAQ Ventures.

The company did not unveil the amount of investment generated during the funding round, though there are rumours that the sum can be some $27.5 million. Moreover, ErisX enjoyed financial support from its existing investors –  CTC Group Investments, Digital Currency Group, DRW Venture Capital, Pantera Capital and Valor Equity Partners.

"With such authoritative firms behind ErisX, the Exchange’s position is cemented as an industry-needed solution for a fair and transparent platform in the digital asset space", reads the press release.

The company expressed intentions to launch spot market for digital assets in H1 2019. The exchange will be registered with US CFTC, with clearing organization waiting for the approval.

The company CEO stated:

"With increasing financial support from leading-edge firms, ErisX stands to provide the most robust, secure and regulated digital asset offering available to both institutional and individual participants."

As he added, the successful funding round enables them to keep working on the project of up-to-date trading platform and business expansion.

Previous story

05 December, 2018 16:05

← Conflux Foundation gets funding for scalable blockchain project

Conflux Foundation blockchain company that works on scalability solutions received $35 million in funding from Sequoia China, Baidu, F2Pool, Huobi, Metastable and IMO Ventures. The received funds will be reportedly spent to finance the development of brand-new scalable blockchain network. The company is run by Turing award winner, Andrew Chi-Chih Yao. For reference, Conflux' development team tested a new blockchain with 20,000 nodes. That time, it was used bitcoin blockchain code, though they replaced the consensus algorithm with their own product. As a result, the network handling capacity was 6,400 transactions per second, as the company commented.

Conflux Foundation gets funding for scalable blockchain project

Next story

04 December, 2018 17:47

Bitcoin futures launch confirmed by NASDAQ →

Nasdaq, the top-2 stock exchange in the world, reportedly confirmed the launch of bitcoin futures contracts in H1 2019. Joseph Christinat, Vice President of Nasdaq’s media team, has confirmed this plans saying that their team surely works on this route. Moreover, it was stated that the launch of bitcoin futures is subject for the approval of the US CFTC. 

Bitcoin futures launch confirmed by NASDAQ
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