ErisX Unit Gets CFTC 'OK' to Clear Fully Collateralized Swaps

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

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.