ErisX Unit Gets CFTC 'OK' to Clear Fully Collateralized Swaps
The clearing arm of ErisX got CFTC approval to diversify beyond digital currencies.
Updated Sep 14, 2021 at 10:27 a.m. UTC
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/5PEEBNO43ZCSXBKD4YNQ7TFECM.jpg )
thomas-chippas-erisx
Eris Clearing LLC, the clearing arm of Eris Exchange, has won the Commodity Futures Trading Commission's blessing to provide clearing services for fully collateralized swaps in addition to its existing business of clearing digital currency products.
- Eris Exchange, better known as ErisX, is a Chicago-based crypto futures provider that was the first to launch ether futures after receiving CFTC approval in May this year.
- Also in May, the firm received a BitLicense from New York financial regulators.
- Volumes on ErisX bitcoin and ether futures have remained consistently low since early this year.
DISCLOSURE
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.
Trending
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/MCJE3JFNR5EBBEEVWVGDEXHG6E.jpg )
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/N7HGGRESM5FEBFAX44EAE6VVQE.png )
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/K4FTKAZIKFAWXOWF5DHJRRZUGY.jpg )
4
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/GJO2Y4JZKBGYDLITSLDH5J2TGU.jpg 400w)
Kill the BitLicense
Oct 19, 2021