May 2, 2025
Blockchain

CBOE operator completes takeover of ErisX crypto trading platform

  • May 3, 2022
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Chicago Board Options Exchange (CBOE) operator Cboe Global Markets has completed the acquisition of ErisX, a US-based trading and exchange platform for digital assets and derivatives. Ownership of

CBOE operator completes takeover of ErisX crypto trading platform

CBOE operator completes takeover of ErisX crypto trading platform
CBOE operator completes takeover of ErisX crypto trading platform

Chicago Board Options Exchange (CBOE) operator Cboe Global Markets has completed the acquisition of ErisX, a US-based trading and exchange platform for digital assets and derivatives.

According to the press release, the acquisition gives the company an opportunity to enter the spot and derivatives markets of digital assets through a regulatory-compliant marketplace with industry partners.

“The addition of ErisX to the Cboe network is another exciting chapter in our growth story. “We see huge potential in the digital asset market,” said Ed Tilly, CEO of Cboe Global Markets.

ErisX will continue to do business as a subsidiary led by current CEO Tom Chippas.

The platform is planned to add a market data streaming service to existing operations. Cboe Digital will be a partner in the development of information products.

“We are joining forces with Cboe and our industry partners to leverage our collective expertise and shared resources to not only grow ErisX but develop global regulatory and compliance standards that will have a lasting impact on the entire digital asset space,” Chippas said.

The parties announced the agreement in October 2021. They did not disclose financial terms. Cboe described the purchase price as “non-material.”

The company plans to invest in ErisX to “maximize revenue growth potential in the medium to long term.” The platform is expected to become profitable in two to three years.

Recall that in December 2017, CBOE was the first of the regulated exchanges to launch trading in bitcoin futures. In June 2019, the site removed the product from the list due to bear market conditions.

In 2021, the exchange allowed the resumption of trading in derivatives of the first cryptocurrency.

Source: Fork Log

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