ErisX launches its crypto futures market – starting with bitcoin

Crypto exchange operator ErisX has launched its cryptocurrency futures market.

The firm originally planned to roll out futures products tied a wide range of coins, but currently only supports bitcoin futures contracts. The Block reported Monday night that ErisX's launch was imminent based on a public notice it published.

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While the futures market opened today, according to the press release, clients will not be able to participate until early next year. According to the product page, ErisX will start with monthly and quarterly contracts.

ErisX was established in 2018 by trading veteran Thomas Chippas and has garnered support from a number of high-profile Wall Street firms. In April, the exchange kicked off its spot trading platform and secured $20 million in a Series B funding round from investors including Castle Island and Dragonfly Capital Partners.

At the time of its founding, the company revealed its plan to offer a variety of physically delivered futures for bitcoin, bitcoin cash, ethereum, and litecoin, The Block previously reported. But as of now it only provides trading of bitcoin futures contracts.

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Yilun joined The Block in November 2019. She has a policy background and extensive experience in reporting and writing. She has worked on stories ranging from business to politics.

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