ErisX Platform Ready to Be Launched Later This Year and Compete Against Coinbase
The cryptocurrency trading platform ErisX is expected to be launched this year and start competing against Coinbase, one of the most popular digital currency trading platforms in the space.
During the FIA Boca event, Jill Malandrino, part of the Nasdaq TradeTalks, and ErisX CEO Thomas Chippas, explained that the ErisX platform is being prepared to be launched. They explained that they are going to be launching a spot exchange for crypto, physically delivered spot contracts and a futures exchange as well.
They explained that they are working with a large number of retail intermediaries that offer multi-asset trading services to their clients. They will also be offering physically delivered spot in Bitcoin (BTC), Litecoin (LTC), Bitcoin Cash (BCH) and Ethereum (ETH).
— TradeTalks (@TradeTalks) March 13, 2019
Chippas has also explained that they are a very diverse group that ranges from technologists to individuals with trading backgrounds.
About it, he commented:
“We have a lot of people who have built market centres and built solutions for capital markets participants, but we join that up with a lot of technology folks that have a lot of diversity of experience necessary for us to build something new married with something old.”
This cryptocurrency exchange will be competing against different platforms such as Coinbase Pro, Gemini, Kraken or the Bakkt platform that is going to be launched by the Intercontinental Exchange (ICE).
The cryptocurrency landscape for exchanges is becoming more competitive as time passes. This shows that companies are trying to offer better and new services to cryptocurrency users from all over the world.
Coinbase has recently announced that it will be changing the fee scheme in order to increase liquidity in the market.