ErisX Received CFTC Approval to Launch BTC Futures

ErisX said the launch of new tools will take place this year, however, the company did not gave any timeframe
02 July 2019   649

The Chicago Exchange of Cryptocurrency Derivatives ErisX received the approval of the US Commodity Futures Trading Commission (CFTC) for providing services as a derivatives clearing center (DCO). In this way, the company will be able to launch new regulated bitcoin futures with calculations in the underlying asset.

As noted in ErisX, the launch of new tools will take place this year, however, the company did not name specific dates.

The exchange statement also stresses that ErisX already has a license for an authorized derivatives market (DCM). Recall that earlier such a license was received by the provider of cryptocurrency derivatives LedgerX.

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.

Thomas Chippas

Chief Executive Officer, ErisX

In April, ErisX launched a platform for spot cryptocurrency trading. 

Nasdaq to Launch Index, Based on 100 Crypto Assets

Neural network, considering 200 different factors, helped to create the list of the assets tracked by the CIX100 index
16 October 2019   112

Nasdaq, the world's second largest stock exchange, has added the CIX100 index based on 100 crypto assets, reports CoinTelegraph.

When building a basket of hundreds of leading digital assets, the tool from uses neural network algorithms that take into account more than 200 different factors. Such a comprehensive analysis allows, in particular, to exclude coins with fake volumes.

It is also known that the index draws data on transactions on the nine largest bitcoin exchanges, and also analyzes information from social networks and the media. Only those coins that last in the top 200 for at least three months can become components of the CIX100. The composition of the index will be reviewed monthly.

According to the developers, the index will be useful for both newcomers to the industry and professionals.