NYDFS grants BitLicense to crypto exchange operator ErisX

The New York State Department of Financial Services (NYDFS) has granted its first BitLicense of this year to ErisX, a crypto exchange operator.

The firm also received a money transmission license from the agency, according to a Wednesday press statement.

"These licenses will enable Eris Clearing to offer New York customers the ability to buy and sell virtual currency on the ErisX platform. Eris Clearing also serves as a clearing entity for the virtual currency futures contracts bought and sold on ErisX," NYDFS said in a statement.

"We are pleased that the NYDFS recognized our commitment to the high standards we borrowed from existing capital markets structures and applied them to the cryptocurrency space," Thomas Chippas, ErisX's CEO, said in a statement.

ErisX has raised $47.5 million in funding to date, as previously reported by The Block.

As noted by The Block Research, 2019 was the busiest year for the agency in terms of its granting of BitLicenses, having given out a total of eight last year. The first BitLicense was awarded in 2015.