Crypto Exchange ErisX Adds Execs From Barclays, YouTube and BATS
Back in December, ErisX, a regulated crypto derivatives exchange that plans to offer digital futures and spot trading, announced the closing of a $27.5 million Series B from major financial institutions and cryptocurrency companies, including Nasdaq Ventures, Fidelity, ConsenSys and Bitmain.
The exchange has apparently not wasted any time in deploying the new capital, as ErisX announced today that it has hired 3 executives with pedigrees spanning Barclays, YouTube (GOOGL) and BATS Global Markets (CBOE).
The recent hiring spree includes COO Robert Thrash, a former managing director at Barclays, head of infrastructure Arnold Connell, a former YouTube executive, and business development executive John Denza, the former director of U.S. equity and derivatives sales at BATS Global Markets.
“ErisX has assembled an impressive team of experts to build the most robust, secure and regulated digital asset platform,” said Thrash. “Leveraging intermediary relationships and their diverse group of investors, ErisX will help both institutional and individual participants access these markets.”
CEO Thomas Chippas added, “Top performers from financial services and technology domains, alike, are attracted to the opportunity to build an exchange and clearing house from the ground up for a whole new asset class. When combined with our assemblage of talent and investor support, the ErisX mission becomes highly attractive to talented, driven professionals and we are elated to welcome Robert, Arnold and John to the team.”
ErisX plans to leverage its raised capital and new hires to help build out its platform for digital asset spot trading and futures contracts. The new exchange will likely be a competitor to Bakkt, the upcoming institutional investor-focused crypto exchange venture backed by Intercontinental Exchange (ICE), once launched.
Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.