Nasdaq and Fidelity Invest in Cryptocurrency Exchange
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Answer Nasdaq and Fidelity Invest in Cryptocurrency Exchange
The ErisX platform has raised $27.5 million from a group of investors including Fidelity Investments, Nasdaq and a host of other investors.
Nasdaq is the world’s second largest stock exchange, while US investment firm Fidelity manages more than $7.2 trillion in client assets.
According to Reuters, ErisX will offer spot trading for bitcoin (BTC), ethereum (ETH), and litecoin (LTC), as well as futures markets next year, pending regulatory approval.
The value of Nasdaq and Fidelity’s investments in the ErisX investment round was not disclosed.
According to Thomas Chibas, CEO of ErisX, the purpose of the investment is to hire employees, “build infrastructure and ensure appropriate steps are taken to develop a regulated market for digital assets.”
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In October of this year, retail brokerage TD Ameritrade also invested in ErisX, with participation from investment firm DRW Holdings and high-speed trader platform Virtu Financial.
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It has also been noted that ErisX will also offer support for Bitcoin Cash (BCH), but it has not mentioned other “altcoins” that will be trading on the platform yet.
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