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ErisX Primary 2 POS RGB.jpg
Founded 2018
Headquarters Chicago, Illinois
Key People Tom Chippas, CEO; Robert Thrash, COO
Products Cryptocurrency futures and spot trading markets
Twitter @
LinkedIn Profile
Releases Company News

On October 3, 2018, ErisX announced its formation as the successor to Eris Exchange, a designated contract market that listed interest rate swap futures products. The company said it planned to trade and clear cryptocurrency futures contracts at some point. The exchange also said that it would offer spot trading. According to ErisX, its investors include DRW Venture Capital, Valor Equity Partners, TD Ameritrade, Virtu Financial, NEX Opportunities, Cboe Global Markets, CTC Group Investments, Digital Currency Group, Nico Trading, Pantera Capital, Third Stone Partners, CMT Digital, Susquehanna International Group, XR Trading, C2 Capital Management and ED&F Man Capital Markets Inc.[1]

Following quickly on the closing of its first round of financing, ErisX announced on December 4, 2018, that it had closed a second funding round of $27.5 million with backing from new investors, Bitmain, ConsenSys, Fidelity Investments, Nasdaq Ventures and TradeStation Securities’ parent company, Monex Group Inc. Some investors from the earlier funding round also participated in this funding.[2]

The ErisX Website indicates that it expects its clearing subsidiary to be approved as a derivatives clearing organization in Q1 2019 and that it will launch futures trading in the first half of the year.[3]