RATE Group | Nasdaq & Fidelity invest in New Cryptocurrency Exchange – Inside Bitcoins
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Nasdaq & Fidelity invest in New Cryptocurrency Exchange – Inside Bitcoins

09 Dec Nasdaq & Fidelity invest in New Cryptocurrency Exchange – Inside Bitcoins

Posted at 23:37h in Cryptocurrency News by

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Fidelity Investments and Nasdaq Ventures invested a total of US$27.5 million in a new cryptocurrency exchange called ErisX, as reported by Reuters on December 4th. Details about the investment are in short supply, as both investors were not available for comment. The new cryptocurrency exchange hopes to start operations next year if regulators approve. The company will offer traders and investors spot trading for bitcoins, litecoins, and ether, as well as access to a futures market.

Both Nasdaq and Fidelity are working on their own cryptocurrency-related financial products which include ETFs, futures contracts, and potentially OTC desks (although this is unconfirmed). This investment only strengthens their already strong position, by investing in startup companies that are basically a potential competitor otherwise. ErisX has had a previous funding round where an undisclosed amount was raised with the help of three U.S. companies, TD Ameritrade…

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