NASDAQ & Fidelity Invest in Wall Street Cryptocurrency Exchange ErisX




Emergent cryptocurrency exchange ErisX has secured $27.5 million in Series B funding from investors including stock exchange NASDAQ and brokerage giant Fidelity investments, according to a Dec. 4 report by Reuters.

ErisX will allow investors to trade Bitcoin, Litecoin and Ether on both spot and futures markets beginning next year, pending regulatory approval.

Neither NASDAQ nor Fidelity confirmed how much of the $27.5 million they contributed, but NASDAQ did affirm their participation to Reuters.

The Series B comes only two months after ErisX closed its first funding round that included participation from TD Ameritrade, Valor Equity Partners, Digital Currency Group, Pantera Capital and CBOE.

Author: Timothy Goggin

Timothy Goggin is an economic analyst with an interest in the application of moral philosophy and decentralized systems. He studied economics at the Business School at Victoria University of Wellington, New Zealand. His area of research is the consequential and moral dimensions of implementing digital currencies and the resulting synergies for consumers in the trading environment.

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