ErisX Wins Additional Support from Influential Investors, Publicly Launches Spot Market

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    CHICAGO & NEW YORK–(BUSINESS WIRE)–ErisX today announced the closing of a third round of Series B
    investors. The new group of market participants supporting ErisX
    includes: Arc Light Securities, Castle Island Ventures, Dragonfly
    Capital Partners, Flow Traders, Tradestation and New York Digital
    Investment Group (NYDIG), whose COO and CFO Rob Flatley has been named
    to the ErisX Board of Directors.

    also received additional support from existing investors including: Cboe
    Global Markets, CMT Digital, Consensys, CTC, DRW Venture Capital, ED&F
    Man Capital Markets Inc., Nasdaq Ventures, Pantera Capital, Susquehanna
    International Group, and Virtu Financial.

    With backing from a wide range of new and existing investors in the
    traditional capital markets and digital asset space, ErisX is publicly
    launching its spot market and inviting market participants to trade on
    our platform.

    “We took a disciplined and methodical approach to the launch of the
    ErisX spot market. As experienced market professionals we know that a
    launch such as this is a process, not a one-off event,” said Thomas
    Chippas, CEO of ErisX. “We are moving from an initial phase to a public
    launch, and will continue to work with our partners, investors, and
    regulators to expand access.”

    The launch of ErisX’s spot market is the first part of the vision for a
    unified digital asset spot and regulated futures exchange. Building
    foundational exchange and clearing infrastructure to address offerings
    for cash transactions, ErisX will launch a regulated futures exchange
    and clearinghouse later this year, pending approval from the Commodity
    Futures Trading Commission, to provide hedging and risk management tools
    for digital assets. These complementary offerings will enable trading of
    both spot and futures on a single infrastructure, an industry-first in
    the digital asset space, which creates collateral efficiency in ErisX’s
    fully funded model.

    “We are the primary digital asset conduit for delivering institutional
    grade asset management, custody and execution solutions,” said Rob
    Flatley, COO and CFO of NYDIG. “ErisX is vital to the evolution of
    market structure and is completely aligned with our notion of best
    execution for both retail and institutional investors. We are excited to
    partner with them to bring proven trading and custody practices into
    this space.”

    “TradeStation is actively working to help bridge the gap between
    traditional markets and crypto markets. Our investment in ErisX supports
    further advances in the crypto market structure and will help bring more
    established players into the space,” said John Bartleman, President of
    TradeStation Group. “Supporting firms like ErisX, that understand
    regulation and markets, benefits the crypto ecosystem.”

    ErisX invites individuals to sign
    for invite code access to our market, and institutions to contact [email protected].

    About ErisX

    ErisX offers individuals and institutions a single, innovative platform
    to access digital asset spot and futures markets. By combining
    professional tools, advanced technology, sophisticated regulatory
    oversight, and a diverse product set, ErisX offers compliant, capital
    markets friendly workflows to digital market participants. Backed by
    some of the worlds largest trading firms and financial institutions,
    ErisX brings transparency and reliability to the digital asset class.
    ErisX, Eris Exchange, and the ErisX and Eris Exchange logos are
    trademarks of the Eris Exchange group of companies.

    Aspects of ErisX’s offering are subject to regulatory approval,
    including its pending license as a clearing organization with the CFTC.


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