XRP Price Drops 3% Despite Ripple-Backed Evernorth Nasdaq Debut 
Bank of America Posts Strong Q4 2024 Results, Shares Rise 
UNCX Network Hack Drains $86K From Ethereum Token Pool 
UBS Projects Mixed Market Outlook for 2025 Amid Trump Policy Uncertainty 
FxWirePro- Major Crypto levels and bias summary 
China's Refining Industry Faces Major Shakeup Amid Challenges 
Cardano Price Drops 15% as Whales Sell 110 Million ADA 
Gold Prices Slide as Rate Cut Prospects Diminish; Copper Gains on China Stimulus Hopes 
Oil Prices Dip Slightly Amid Focus on Russian Sanctions and U.S. Inflation Data 
Solana Alpenglow Upgrade Set for October 21: What It Means for SOL 
Gold vs Bitcoin: Investors Eye Inflation Hedge as Crypto Adoption Grows 
US Futures Rise as Investors Eye Earnings, Inflation Data, and Wildfire Impacts 
Morgan Stanley Predicts $10 Trillion RWA Market by 2030 
Bitcoin Price Drops as US Dollar Hits 18-Month High 
Global Markets React to Strong U.S. Jobs Data and Rising Yields 
Canton Network Expands Wall Street Reach With Ripple Integration 
Add as a preferred source on Google
Crypto exchange ErisX has raised $27.5 million from Fidelity Investments and NASDAQ Ventures, among other investors.NASDAQ has been the world’s renowned stock exchange, while the United States investment firm Fidelity administers over $7.2 trillion in client assets.
ErisX offers both futures markets as well as spot trading for Bitcoin (BTC), Ethereum (ETH) and Litecoin (LTC), seeking approval from pending regulatory norms, as per Reuters reports.
Well, with a pending license as a clearing organization with the U.S. Commodity Futures Trading Commission (CFTC), ErisX has now gained backing from reputed names, such as, DRW Venture Capital, Pantera Capital, Virtu Financial, NEX Opportunities, TD Ameritrade (AMTD), Digital Currency Group, and CBOE Global Markets.
This capital financing would aid the company accelerate the development of the intermediary-friendly, CFTC-regulated futures exchange (registered) and clearing organization (registration pending).
The crypto trading platform (ErisX) operates as a spot market for digital assets. Thomas Chippas, CEO, divulged his intentions to utilise the funds for expansionary objectives.
“With increasing financial support from leading-edge firms, ErisX stands to provide the most robust, secure and regulated digital asset offering available to both institutional and individual participants. Closing this second round of funding enables us to continue building our modern platform and expand our team,”he added.
ErisX is a U.S.-based futures exchange to offer cash-settled swap futures for ideal replacement to traditional OTC swaps. Joseph Lubin, ConsenSys chief executive officer said, the venture provides an access for new opportunities in the cryptocurrency trading industry.
Currency Strength Index: FxWirePro's hourly BTC spot index has shown -156 (which is highly bearish), while USD is flashing at 51 (bullish), while articulating at 08:30 GMT.
For more details on the index, please refer below weblink: http://www.fxwirepro.com/currencyindex
