The new crypto exchange managed to attract funds from Fidelity Investments and Nasdaq Ventures, among others.
ErisX, a regulated digital asset derivatives exchange, announced this Tuesday that it has closed a Series B funding round, raising $27.5 million. The new crypto exchange managed to attract funds from Fidelity Investments and Nasdaq Ventures, among others.
Bitmain, ConsenSys, Monex Group, CTC Group Investments, Digital Currency Group, DRW Venture Capital, Pantera Capital, and Valor Equity Partners all participated in the round. This is on top of previous investments into the exchange.
ErisX, which has previously seen backing by TD Ameritrade, is a derivatives and digital asset Trading Platform. The company has said that it plans to offer investors the ability to trade main Cryptocurrencies such as bitcoin, litecoin, and ether on spot and futures markets. It plans to offer this by next year, providing it receives all necessary regulatory approval.
According to an article from Reuters, Nasdaq has confirmed its participation in the funding round but declined to disclose its investment amount. Fidelity also didn’t immediately respond to requests for comment, the news outlet said.
According to the Chief Executive Officer of ErisX, Thomas Chippas, 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 company’s mission is to be a fully-regulated futures market and clearinghouse by the Commodity Futures Trading Commission (CFTC). The firm is still yet to finalize its registration for its clearinghouse operations.
ErisX also plans to operate as a spot market for digital assets. However, the company will have to look elsewhere for regulation, as the CFTC doesn’t oversee this market. According to its website, users can expect the platform to launch spot contracts in the second quarter of next year.
Speaking on the investment, Joseph Lubin, CEO of ConsenSys, said in a statement that the new platform “is an important step in continuing the convergence of digital and traditional asset classes in global institutional financial services.”
ErisX, a regulated digital asset derivatives exchange, announced this Tuesday that it has closed a Series B funding round, raising $27.5 million. The new crypto exchange managed to attract funds from Fidelity Investments and Nasdaq Ventures, among others.
Bitmain, ConsenSys, Monex Group, CTC Group Investments, Digital Currency Group, DRW Venture Capital, Pantera Capital, and Valor Equity Partners all participated in the round. This is on top of previous investments into the exchange.
ErisX, which has previously seen backing by TD Ameritrade, is a derivatives and digital asset Trading Platform. The company has said that it plans to offer investors the ability to trade main Cryptocurrencies such as bitcoin, litecoin, and ether on spot and futures markets. It plans to offer this by next year, providing it receives all necessary regulatory approval.
According to an article from Reuters, Nasdaq has confirmed its participation in the funding round but declined to disclose its investment amount. Fidelity also didn’t immediately respond to requests for comment, the news outlet said.
According to the Chief Executive Officer of ErisX, Thomas Chippas, 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 company’s mission is to be a fully-regulated futures market and clearinghouse by the Commodity Futures Trading Commission (CFTC). The firm is still yet to finalize its registration for its clearinghouse operations.
ErisX also plans to operate as a spot market for digital assets. However, the company will have to look elsewhere for regulation, as the CFTC doesn’t oversee this market. According to its website, users can expect the platform to launch spot contracts in the second quarter of next year.
Speaking on the investment, Joseph Lubin, CEO of ConsenSys, said in a statement that the new platform “is an important step in continuing the convergence of digital and traditional asset classes in global institutional financial services.”
Australia Gears Up for Bitcoin ETFs: ASX Leads the Charge
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
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#fmas #fmas24 #fmevents #networking #finance #africa
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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