ErisX Exchange Could Open New Spot Trading Services As TDAmeritrade Creates New Crypto Team

Crypto Exchange ErisX Could Be Launching New Spot Trading Services

ErisX is working in order to launch its new market for spot crypto trading. The cryptocurrency exchange based in Chicago has been in a test mode with some firms that could link their services with this marketplace. One of these firms is TD Ameritrade. The information was released by The Block on April 24.

ErisX Ready To Launch its Crypto Platform

As per the report, the exchange has been testing the product with TD Ameritrade since this company could become a potential user. The US broker announced back in October that it invested in ErisX. Apparently, DRW Holdings and Virtu Financial have also invested in this exchange and could become market makers for ErisX. TD Ameritrade was one of the first brokers that offered Bitcoin futures to retail clients.

A spokeswoman for ErisX did not comment about the specific partners but she noted that the firm has been working with several participants in order to optimize the process in advance of the public launch.

On the matter, she explained:

“Testing is a best-practice necessary for us and our customers as we build the most robust and transparent marketplace for digital assets.”

Peter deSilva, a president of the firm, said to employees that Sunayna Tuteja would be taking on the role of Head of Digital Assets at the firm. Tuteja will also be responsible for building a scalable blockchain that includes partnerships, investments, and products.

ErisX has also appointed three veterans from other companies including Barclays, YouTube and the Chicago Board Options Exchange (CBOE) to fill some important executive roles at the company.

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