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Tags: fidelity | nasdaq | invest | cryptocurrency | exchange | erisx

Fidelity, Nasdaq Ventures Invest in Cryptocurrency Exchange ErisX

coins of crypto currency lie in the grocery cart. the concept of buying and selling of crypto currency
(Prazis/Dreamstime)

Tuesday, 04 December 2018 10:30 AM EST

New cryptocurrency exchange ErisX said Tuesday it raised a total of $27.5 million from investors including Fidelity Investments and Nasdaq Ventures.

ErisX says it will offer investors the ability to trade the cryptocurrencies bitcoin, litecoin and ether on spot and futures markets starting next year, subject to regulatory approval.

Cryptocurrencies are virtual tokens that can be used as forms of payments on a variety of online applications. They can also be traded on dedicated online exchanges.

Nasdaq and Fidelity confirmed they invested in ErisX, but declined to comment further. Fidelity said this was a corporate investment and not related to its mutual funds.

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," ErisX Chief Executive Officer Thomas Chippas said in a statement.

The Chicago-based company closed on a first round of investment in October, which included funding from retail brokerage TD Ameritrade Holding Corp, private equity firm Valor Equity Partners and Cboe Global Markets Inc.

© 2022 Thomson/Reuters. All rights reserved.


Markets
New cryptocurrency exchange ErisX said Tuesday it raised a total of $27.5 million from investors including Fidelity Investments and Nasdaq Ventures.
fidelity, nasdaq, invest, cryptocurrency, exchange, erisx
174
2018-30-04
Tuesday, 04 December 2018 10:30 AM
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