Cryptocurrency Derivatives Series: Erisx Bags License From CFTC For DCO

ErisX, which is the US-based crypto exchange, has obtained derivatives clearing organization (DCO) license from the United States Commodity Futures Trading Commission (CFTC).

ErisX is intending to facilitate trading in crypto-asset futures contracts on its regulated derivatives market later this year via its new DCO, as per the official blog post on July 1st.

The terms and conditions of the order require, among other things, that Eris comply with applicable provisions of the CEA, including the core principles in Section 5b of the CEA and with CFTC regulations.  Eris also must fulfill each of the representations it has made to the Commission relating to compliance with the core principles and CFTC regulations.

ErisX has originally been unveiled for its spot market back in April, with an objective of ultimately establishing a digital asset trading mechanism for spot and futures trading.  

ErisX spot market exchange includes the U.S. dollar trading pairs with bitcoin (BTC), bitcoin cash (BCH), ether (ETH), etc.

The Commodity Futures Trading Commission (CFTC) has also approved another crypto firm LedgerX very recently to offer physically settled bitcoin futures contracts.

They are now the second company to obtain the approval from CFTC to offer physically settled bitcoin futures; other predominant names, such as Intercontinental Exchange’s Bakkt, Seed CX and ErisX are also intending to penetrate this crypto derivatives market. 

Currency strength index: FxWirePro's hourly BTC is flashing at -151 (highly bearish), hourly USD spot index was at 102 (highly bullish) while articulating (at 06:16 GMT). 

For more details on the index, please refer below weblink: http://www.fxwirepro.com/currencyindex