ErisX, a Chicago-based crypto exchange has procured a derivatives clearing organization (DCO) license from the United States Commodity Futures Trading Commission (CFTC).
According to a post on Medium on July 1st, ErisX is planning to make digital asset futures contracts available for trade on its regulated derivatives market this year.
General Counsel at ErisX, Laurian Cristea remarked that when the digital asset futures become available, the exchange will offer a single platform that accommodates both spot and futures trading.
ErisX launched its spot market in April. At press time, the ErisX spot market exchange are U.S. dollar trading pairs with bitcoin (BTC), bitcoin cash (BCH), ether (ETH) and litecoin (LTC).
ErisX reportedly held a Designated Contract Market (DCM) license since 2011. The platforms CEO Thomas Chippas, said the exchange stands apart from others in using a DCO and DCM two-stream system to separate trading and settlement. He said:
“ErisX is unique in that for our digital asset market, we have divided the trading and settlement functions using traditional DCM (exchange) and DCO (clearing) models… This reflects the structure that institutional investors expect from other asset classes and will help drive these markets toward greater relevance and accessibility.”