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trading

A group of Wall Street giants, including Fidelity, pour $27.5 million into ErisX

ErisX, the cryptocurrency trading platform, aiming to be the go-to home for institutional players looking to trade digital assets has ended a $27.5 million fundraising round, the firm announced Tuesday. Backers in the round include household names such as Nasdaq and Fidelity as well as crypto firms such as Bitmain and ConsenSys. ErisX made headlines earlier this year when it announced it would launch a derivatives and spot trading platform for cryptos including bitcoin and ethereum. The funding will help build out the platform, as noted by CoinDesk. "With increasing financial support from leading edge firms, ErisX stands to provide the most robust, secure and regulated digital asset offering available to both institutional and individual participants," CEO Thomas Chippas said. (Source: CoinDesk)