Ethereum cofounder, Joseph Lubin, is among the two new members who have joined ErisX, a spot and futures trading platform.
The other member is Chris Conde, a financial technology entrepreneur. The two are joining the firm after it recently raised close to 28 million U.S dollars in seed funding in an event that attracted investors from both ends – crypto related and traditional companies. One of the firms involved in the funding round is Consensys which is founded by the Ethereum Cofounder.
Welcoming the new members, Tom Chippas, CEO, ErisX, observed that:
As two leaders in the digital asset space, ErisX will benefit from the unique perspectives they offer and the enthusiasm they bring to the space.
Chippas also thanked the outgoing board member, Cliff Lewis, who was instrumental in laying out the platform’s regulated futures market.
Accepting the new role, the Ethereum cofounder said that:
ErisX has a unique position in the market with support from a wide range of investors as well as experienced leaders at the helm. I look forward to bringing my experience with decentralized technologies and digital assets to a model that will further democratize access to digital assets.
Lubin threw in a personal observation of where crypto is headed in 2019. The Ethereum cofounder said that this year has the potential of being a “breakthrough year for digital assets.” He added that ErisX has all it takes to be at the forefront.
ErisX is focusing on crypto futures contracts that are physically delivered. Among crypto coins that will be supported include Ethereum (ETH), Bitcoin (BTC), Litecoin (LTC), and Bitcoin Cash (BCH). The firm plans to launch the product before June this year.
With the Ethereum cofounder and a financial technology entrepreneur on the board, do you think ErisX will lead the futures trading market?
Let us know your thoughts in the comments section below.