Advertise with us (we do not endorse any site advertised)

Author Topic: Nasdaq, Fidelity Invest in New Cryptocurrency Exchange  (Read 976 times)

0 Members and 1 Guest are viewing this topic.

Offline MarvonbitcoinTopic starter

  • Sr. Member
  • ***
  • Joined: Nov 2017
  • Posts: 434
  • Karma: +0/-0
    • View Profile
Nasdaq, Fidelity Invest in New Cryptocurrency Exchange
« on: December 06, 2018, 01:11:35 PM »

For more latest news update Cryptocurrency training Crypto trading signals & automated trading software join below given telegram channel



Join- https://t.me/freebitmexsignals


https://play.google.com/store/apps/details?id=com.freecryptosignals.app



Join- https://t.me/btctradingclub



New cryptocurrency exchange has reportedly raised $27.5 million from investors which include NASDAQ Ventures and Fidelity Investments. The platform will offer cryptocurrency trading on spot and future markets starting next year.

NEVERMIND THE BEAR MARKET


Seemingly unphased by the current bleeding conditions of the cryptocurrency market, Fidelity Investments and NASDAQ Ventures have reportedly taken part in a funding round of new cryptocurrency exchange ErisX. The total amount raised is $27.5 million, Reuters reports.

According to the report, Nasdaq has already confirmed its participation while Fidelity is yet to respond to the requests for comment.

The new cryptocurrency exchange will purportedly enable investors to trade Bitcoin (BTC) $3784.10 -1.04%, Litecoin (LTC) 00, and Ether (ETH) 00 on both spot and futures markets. It is expected to launch in 2019 following regulatory approval.

Speaking on the matter was Thomas Chippas, CEO at ErisX, who noted that the investments will be used “to build out our infrastructure and secure the appropriate steps are taken to develop a regulated market for digital assets,” and to hire staff.

It’s worth noting that Chippas, according to his LinkedIn profile, comes from the banking sector and a former Managing Director at Citi and Barclays.

BITCOIN FUTURE IT IS

Nasdaq’s involvement in ErisX comes just a few days after it renewed its vow to offer Bitcoin futures despite the current BTC price $3784.10 -1.04% drop.

Bitcoinist reported November 27 that NASDAQ “has been working to satisfy the concerns of the US’ main swaps regulator, the Commodity Futures Trading Commission (CFTC), before launching the contracts.”


Fidelity’s participation in ErisX also makes sense, as the asset manager recently said that it won’t open its own exchange, but instead will focus on providing Bitcoin custody solution.

However, earlier in October, the company also stated that it intends to open cryptocurrency trading to its 27 million customers, so perhaps this falls in line with their involvement in ErisX latest round of investment.


 

Cryptocurrency enthusiast sold out his home to invest in Bitco

Started by sabrina8089

Replies: 0
Views: 897
Last post October 16, 2017, 04:00:36 PM
by sabrina8089
Cryptocurrency exchange Coinbase is launching four new products...

Started by XMLGold.eu

Replies: 0
Views: 393
Last post July 09, 2018, 11:44:11 AM
by XMLGold.eu
Hackers Steal $59 Million In Cryptocurrency From Japanese Exchange

Started by Bloc10Fintech

Replies: 1
Views: 564
Last post September 25, 2018, 03:39:23 AM
by overjoyedowl
Cryptocurrency Exchange : Walahala

Started by Walahala 777

Replies: 0
Views: 344
Last post August 26, 2019, 10:25:39 AM
by Walahala 777
Cryptocurrency Exchange

Started by Walahala 777

Replies: 0
Views: 227
Last post August 28, 2019, 12:21:53 PM
by Walahala 777

your ads here