The retail brokerage firm TD Ameritrade, announced it would be investing in a brand new cryptocurrency exchange named ErisX.
The exchange will allow investors to trade:
- Bitcoin Cash
- Bitcoin Futures
The CFTC Hurdle and the road to Bitcoin futures trading
The Exchange is built by derivative market provider Eris Exchange and is also backed by DRW Holdings and Virtu Financial. It’s also further noted that the bitcoin futures contracts traded by the exchange, will be physically delivered not cash settled.
ErisX is currently in the process of applying a self-certification of it’s bitcoin futures contracts with the U.S. Commodity Futures Trading Commission ( CFTC ) and will clear it’s derivative products through a parent firm’s clearinghouse if and when it’s approved.
Should the CFTC approve ErisX, they will begin cash trading sometime from March – June of 2019 and will begin trading derivatives in the second half of the year.