cryptocurrency

Nasdaq and Fidelity backed ErisX ropes crypto-exchange veteran Matt Trudeau as CSO – BCFocus


ErisX, the new cryptocurrency exchange on the block has secured the services of exchange expert Matt Trudeau as the Chief Strategy Officer (CSO), as per a press release published on December 10.

Formerly Eris Exchange, ErisX offers cryptocurrency derivatives trading in the form of spot trading and futures trading on Bitcoin [BTC], Ethereum [ETH], Litecoin [LTC]. The aforementioned contracts will be launched in the second quarter of 2019, following regulatory approval.

Matt Trudeau has spearheaded the spread of disruptive technology and has a keen understanding of navigating through the regulatory maze of financial markets, trading technology, and digital exchanges. He has worked with global market launches at Instinet, Chi-X, IEX, and Tradewind. He is also the current CEO of a consultancy firm that specializes in blockchain, cryptocurrency and decentralized technology, based in Brooklyn, New York.

Trudeau hailed ErisX as a “needed evolution of the way individuals trade digital assets.” He added, by “offering spot and regulated futures contracts on one platform, ErisX is pioneering a solution that connects digital and traditional asset classes.”

In his new role at ErisX, Trudeau is tasked with building the exchange’s strategies and initiatives that will create revenue growth and build a structure. Trudeau will be working under ErisX CEO Thomas Chippas, who praised Trudeau’s “experience working in digital assets, disruptive technology and regulated environments.”

In early December, ErisX announced that it had raised $27.5 million from a slew of cryptocurrency-facilitators and proponents in a Series B funding. Included in the list were Fidelity Investments, Nasdaq Ventures (NDAQ), Bitmain, ConsenSys, and Monex Group Inc.

ErisX, will begin operations at a time when institutional investors will at the center of the cryptocurrency realm. With the coming of Bakkt, the digital asset platform backed by the Intercontinental Exchange (ICE) and the New York Stock Exchange (NYSE), Nasdaq’s Bitcoin Futures trading, Fidelity and State Streets’ likely crypto-custody products, and the Bitcoin ETF decision set for February, institutional investors are set to dominate 2019.

 





READ SOURCE

Leave a Reply

This website uses cookies. By continuing to use this site, you accept our use of cookies.