ERISX, Invested by NASDAQ, Obtains License for Virtual Currency Derivative Clearing Organization (DCM)

ErisX, a U.S.-based virtual currency exchange dedicated to institutional investors, made an official announcement on the 2nd that it has acquired a "clearing house" license from the U.S. CFTC. The acquisition of this licence enabled the in-kind cryptocurrency futures to be provided on its own without resorting to third-party.

One of the importance of ErisX's futures launching is the possibility that these futures are not only connected to Bitcoin but also to Altcoin (which does not mention specifics yet).

ErisX is a cryptocurrency exchange that received more than 30 billion won in investment from U.S. conglomerates such as NASDAQ and Fidelity and Japan's Manex Group, which allowed four trading services with BTC, BCH, ETH and LTC for institutional investors in April.

ErisX had already acquired a designated contract market license (DCM) under CFTC regulations, so that it could provide cryptocurrency settlement futures. However, by acquiring a DCO license, it allow the company to offer cryptocurrency in-kind futures.

In other words, ErisX, which has secured a derivative clearing organization license (DCO) and a designated contract market license (DCM), is a financial entity that complies with the same regulations to existing financial institutions such as CME and NYSE's parent company 'ICE' that provides Bitcoin futures and other cryptocurrency-related products. It will establish a foundation that makes it easier for institutional investors to participate.

Reporter Gina Lee (news@dailycoinews.com)의 기사 더 보기

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