The crypto start-up ErisX is just a reboot of a futures market Eris Exchange which was originally established in 2010. ErisX raised around $27.5 million from Fidelity Investments and Nasdaq Ventures in December, 2018. ErisX aims to offer both spot trading in Bitcoin (BTC), Ethereum (ETH) and Litecoin (LTC), as well as futures markets this year.
According to the official press release, apart from Lubin, there’s another new board of director who have joined the board of directors. Reportedly, fintech entrepreneur Cris Conde has also joined ErisX as one of the board of directors.
Talking about the new appointment Joseph Lubin said, “ErisX has a unique position in the market with support from a wide range of investors as well as experienced leaders at the helm.” He added, “I look forward to bringing my experience with decentralized technologies and digital assets to a model that will further democratize access to digital assets. 2019 is likely to be a breakthrough year for digital assets, and the exceptional ErisX team is poised to lead.”
The company highlights Lubin’s expertise mentioning that he has “extensive background working in the digital asset space.” Prior to joining ErisX, Cris Conde, on the other hand, was a co-founder of software company, Devon Systems. In 1987, it was acquired by SunGard, a software for the financial industry. Reportedly, SunGard became one of the few software firms to make to Fortune 500 list under the leadership of Conde.
“We are pleased to welcome Joseph and Chris to the ErisX Board,” said CEO Tom Chippas. “As two leaders in the digital asset space, ErisX will benefit from the unique perspectives they offer and the enthusiasm they bring to the space. We also want to thank Cliff for the significant guidance and support he has provided, including helping shape the digital asset spot and regulated futures market.”