|Key People||Tom Chippas, CEO; Robert Thrash, COO; Matt Trudeau, Chief Strategy Officer|
|Products||Cryptocurrency futures and spot trading markets|
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.
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.
ErisX announced on April 30, 2019, that it had closed another $20 million in funding from investors and that it was launching its spot market as well as related clearing services that day. Its initial cryptocurrencies are bitcoin, Bitcoin Cash, Litecoin, and Ethereum traded against the U.S. dollar and against each other. In an interview with CoinDesk, Chief Strategy Officer Matt Trudeau said that ErisX continues to build out its technology, raise funds, and apply for futures and futures clearing licenses.
- ErisX Announces New Exchange for Digital Asset Investors and Traders. ErisX press release via Businesswire.
- Fidelity, Bitmain and More Invest $27 Million in Crypto Trading Platform ErisX. Coindesk.
- ErisX Launches Crypto Spot Market on Heels of New $20 Million Raise. CoinDesk.