Chicago-based stock exchange ErisX prepares to offer futures contracts

Chicago-based stock exchange ErisX prepares to offer futures contracts

According to an official blog post on July 1, Chicago-based ErisX is now preparing to offer its digital asset futures contracts to its users in the derivative market regulated by DCO.

In addition, ErisX launched its spot market in April, stating that it is working on a single digital asset platform for spot and futures transactions. ErisX’s spot trading platform is currently offering US dollar, Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH) and Litecoin (LTC) trading pairs.

According to Cointelegraph, Laurian Cristea , General Counsel at ErisX , said, as promised, when the digital asset futures contracts are launched, the stock market will be the only platform offering both spot transactions and futures contracts.

In addition to the DCO license, ErisX also received a Defined Contract Market ( DCM ) license in 2011 .

Payment and Investment Transactions

According to ErisX CEO Thomas Chippas, the stock market uses a two-stream system for DCO and DCM to separate payment and investment transactions. Chippas says:

ErisX is unique in that we separate payment and investment systems for digital assets using DCM (stock market) and DCO (swap) models. This reflects the structure that institutional investors expect from other asset classes and helps drive the market to greater interest and accessibility.

In addition, the US Commodity Futures Commission announced on June 25 that LedgerX has accepted the DCM license application, which makes it possible to launch a physical Bitcoin delivery futures contract.

About Shawn Morrison 266 Articles
One of the founders of BitzArena. Active with crypto currency since the rise of the bitcoin. Loves the innovative character of crypto and blockchain technology, and follows developments in the market closely. Likes to connect technology with business, and likes to make difficult concepts accessible to a wide audience.

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