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New cryptocurrency exchange ErisX has stated that it’s raised a total of $27.5 million from investors which include Fidelity Investments and Nasdaq Ventures, Reuters reports.
Nasdaq has already confirmed their participation in the funding round but declined to state how much they invested. Fidelity has yet to respond to requests for a comment.
From next year, ErisX says it will offer investors the option to trade Bitcoin, Litecoin, and Ether on both spot and futures markets, assuming they receive regulatory approval.
ErisX chief executive Thomas Chippas said that the investments will be used to hire staff and “build out our infrastructure and secure the appropriate steps are taken to develop a regulated market for digital assets.”
The news comes shortly after Nasdaq reaffirmed its commitment to launching a Bitcoin futures trading platform early next year. Additionally, Fidelity’s investment in ErisX isn’t a surprise considering the firm's priority of developing a custody solution before exploring other opportunities.