Share this article
Fidelity, Bitmain and More Invest $27 Million in Crypto Trading Platform ErisX
ErisX has closed a $27.5 million Series B funding round to build a regulated crypto spot and futures market.
By Nikhilesh De
Updated Sep 13, 2021, 8:38 a.m. Published Dec 4, 2018, 1:38 p.m.
Crypto trading platform ErisX has closed a Series B funding round that raised $27.5 million, the company said Tuesday.
Bitmain, ConsenSys, Fidelity Investments, Nasdaq Ventures and Monex Group participated in the funding round, investing in the new derivatives and digital asset trading platform for the first time. ErisX, which is being built by derivatives market provider Eris Exchange, was previously announced as a platform for trading a number of cryptocurrencies, as well as bitcoin futures.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
CTC Group Investments, Digital Currency Group, DRW Venture Capital, Pantera Capital and Valor Equity Partners also participated in the round, on top of previous investments in the platform.
The company, which has also seen backing from brokerage TD Ameritrade, aims to be a Commodity Futures Trading Commission-regulated futures market and clearinghouse, though it has yet to finalize its registration for the latter portion.
ErisX will also act as a spot market for cryptocurrencies, though the CFTC does not oversee the crypto spot market.
CEO Thomas Chippas said in a statement that the funding would go towards building up the platform, as well as growing the ErisX team.
He added:
"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."
According to ErisX's website, the platform expects to launch spot contracts sometime in Q2 of 2019, with futures contracts following in the second half of the year.
Joseph Lubin, CEO of ConsenSys, said in a statement that the new platform "is an important step in continuing the convergence of digital and traditional asset classes in global institutional financial services."
Business miniatures image via Shutterstock
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Bitcoin Rebounds to $93K From Post-Fed Lows, but Altcoins Remain Under Pressure
Downward pressure on bitcoin is losing steam, with the market stabilizing but not yet out of the woods, said one analyst.
What to know:
- Bitcoin rebounded from a sharp early selloff on Thursday to trade above $93,000 shortly after the close of U.S. stocks.
- The late-day gain in bitcoin came alongside a rebound in the Nasdaq from big morning losses; the tech index closed with just a 0.25% loss.
- Downward pressure on bitcoin is losing steam, said one analyst, but the market is not yet out of the woods.
Top Stories
