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Nasdaq Invests in Crypto Exchange, Ready to Launch BTC Futures

Nasdaq, one of the largest stock exchange operators in the world, is aggressively expanding on the crypto market, despite the collapse. The company is investing in crypto exchange and is about to launch BTC futures in the first half of 2019.


Chicago cryptocurrency exchange ErisX disclosed that it had completed another round of investment rising. The trading platform managed to raise $27.5 million in total. The Nasdaq Ventures and Fidelity Investment contributed the lion’s share, according to the exchange. ErisX did not disclose the exact size of companies’ contribution.

Among other investors were mining giant Bitmain and crypto company ConsenSys.

ErisX wants to offer customers spot and futures cryptocurrency trading. At the start, only a few cryptocurrencies will be available: Bitcoin, Bitcoin Cash, Ethereum and Litecoin.

The exchange plans to launch spot trading as early as Q2 2019, and futures will be available to customers after receiving permission from the regulator.

At this time, Nasdaq and Fidelity are preparing to launch their own crypto products on the market. Joseph Christinat, vice president of Nasdaq’s media team, confirmed the rumors that the company is not refusing to launch BTC Futures, despite the collapse on the cryptocurrency market. Nasdaq Futures should appear on the market in the first half of 2019.

Fidelity, meanwhile, is actively capturing the market of custody services for institutional cryptocurrency investors.

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