ErisX which trades cryptocurrencies and related derivatives is being back by two large trading companies TD Ameritrade and Virtu Financial Inc.
ErisX will be providing regulated futures and spot trading exchange for digital assets as Bitcoin (BTC), Bitcoin cash (BCH), Litecoin (LTC), Ethereum (ETH) will be adding additional assets at a later date.
- Erisx brings stability to the digital currency market at the same time being regulated front to back.
- This will also be a centralized exchange with reliability and trusted infrastructure.
The most import thing they said is that the spot contracts and the futures contracts will be delivered and will settle in the cryptocurrency they are trading.
Their goal is to open to the intermediaries and the retail market and their success will be determined on the volume they handle