sludgefeed.com
ErisX, a new regulated crypto derivatives exchange that is planning to offer digital futures and spot trading, has closed a $27.5 million Series B from major financial institutions and cryptocurrency companies, including Nasdaq Ventures, Fidelity, ConsenSys and Bitmain.
According to the announcement, ErisX plans to leverage the new funds and expertise to build out its single platform for digital asset spot and regulated futures contracts, starting with Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH) and Litecoin (LTC).
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. Closing this second round of funding enables us to continue building our modern platform and expand our team.
This news comes just two months after ErisX announced its Series A with the notable participation of leading retail brokerage firm TD Ameritrade (AMTD).
Based on the information provided, it looks like ErisX will be a direct competitor to Bakkt, the upcoming institutional investor-focused crypto exchange venture backed by Intercontinental Exchange.