In line with an official ‘tweet‘ published, Chicago-based renowned cryptocurrency exchange namely ‘ErisX’ has formally announced the launch of its spot market.
The ErisX spot exchange is primary part of the company’s development of single platform which will represent both a digital asset spot and ‘regulated‘ futures market, as reported by ‘Finance Magnates‘.
Moreover after the announcement, ErisX reportedly enabled support of USD trading pairs with the leading cryptocurrencies like Bitcoin [BTC], Ethereum [ETH], Bitcoin Cash [BCH] as well as Litecoin [LTC], consistent with crypto news outlet ‘Coindesk‘.
Explaining further, the news outlet adds that ErisX is already in contact with several other corporations that are willing to trade on its platform at launch without revealing any names.
While ‘reporting‘ earlier Coindesk revealed ErisX’s plans to launch spot trading on 24th April, with some financial firms like United States retail brokerage TD Ameritrade reportedly testing the exchange.
The launch of a spot market by ErisX ‘reportedly‘ follows the closure of the 3rd spherical of a Series B ‘fundraising‘ round, with investors together with Fidelity Investments and NASDAQ Ventures, among others.
The company is awaiting approval from the CFTC [Commodity Futures Trading Commission] to launch a regulated futures exchange market besides a clearinghouse, the report added.