New cryptocurrency change has reportedly raised $27.5 million from buyers which embrace NASDAQ Ventures and Fidelity Investments. The platform will provide cryptocurrency buying and selling on spot and future markets beginning subsequent 12 months.
Nevermind the Bear Market
Seemingly unphased by the present bleeding circumstances of the cryptocurrency market, Fidelity Investments and NASDAQ Ventures have reportedly taken half in a funding spherical of recent cryptocurrency change ErisX. The whole quantity raised is $27.5 million, Reuters studies.
According to the report, Nasdaq has already confirmed its participation whereas Fidelity is but to reply to the requests for remark.
The new cryptocurrency change will purportedly allow buyers to commerce Bitcoin (BTC) zerozero, Litecoin (LTC) zerozero, and Ether (ETH) zerozero on each spot and futures markets. It is anticipated to launch in 2019 following regulatory approval.
Speaking on the matter was Thomas Chippas, CEO at ErisX, who famous that the investments will probably be used “to build out our infrastructure and secure the appropriate steps are taken to develop a regulated market for digital assets,” and to rent employees.
It’s price noting that Chippas, based on his LinkedIn profile, comes from the banking sector and a former Managing Director at Citi and Barclays.
Bitcoin Future It Is
Nasdaq’s involvement in ErisX comes only a few days after it renewed its vow to supply Bitcoin futures regardless of the present BTC value zerozero drop.
Bitcoinist reported November 27 that NASDAQ “has been working to satisfy the concerns of the US’ main swaps regulator, the Commodity Futures Trading Commission (CFTC), before launching the contracts.”