Chicago based crypto spot and futures exchange has raised $27.5m from Fidelity and Nasdaq Ventures.
The investments will be used to hire staff and “build out our infrastructure and secure the appropriate steps are taken to develop a regulated market for digital assets,” ErisX Chief Executive Officer Thomas Chippas said in a statement. The Chicago-based company closed on a first round of investment in October, which included funding from retail brokerage TD Ameritrade Holding Corp(AMTD.O), private equity firm Valor Equity Partners and Cboe Global Markets Inc(CBOE.Z).