Key Takeaways
- • ErisX expanded its board from four seats to five on January 17, 2019, adding Joseph Lubin, co-founder of Ethereum and founder of ConsenSys, and Cris Conde, former CEO of Sungard.
- • Conde replaces independent board member Cliff Lewis, who had served since February 2018, while Lubin took the newly created seat.
- • ErisX plans to launch bitcoin futures first, with ether and litecoin futures planned later, though the launch may be delayed by the ongoing U.S. government shutdown.
- • The company says its interaction with the CFTC has been positive and productive, and it is resuming work on its derivatives clearing organization application.
Summary
Crypto trading startup ErisX is expanding its board of directors as it prepares to launch spot and derivatives markets for digital assets, starting with bitcoin and eventually ethereum. The company announced on Thursday that Joseph Lubin, founder of the Ethereum development studio ConsenSys, and Cris Conde, a technology entrepreneur and former CEO of software company Sungard, had joined the board. They will serve alongside DRW CEO Don Wilson, Valor Equity Partners managing partner Antonio Gracias, and ErisX CEO Thomas Chippas.
In a press release, ErisX cited Lubin's experience in the digital asset space and his familiarity with the Ethereum network, of which he was part of the founding team. The board has been expanded from four seats to five. Lubin filled the new seat, while Conde replaces independent board member Cliff Lewis, who had been on the board since February 2018.
The company initially plans to offer bitcoin futures at launch, though according to CoinDesk that timeline may be delayed by the ongoing U.S. government shutdown. ErisX plans to add ether and litecoin futures later. Head of marketing Jessica Darmoni told CoinDesk that launching ether products remains a company goal but declined to say whether ErisX planned to lobby for or announce an ether futures product in the near future. She said the company does not comment on regulatory engagement while still in process with regulators, but noted that Lubin and his team bring extensive knowledge of Ethereum, the crypto space, and the token space.
CEO Thomas Chippas previously told CoinDesk that the company's interaction with the CFTC has been both positive and productive, and that ErisX looks forward to resuming work with the regulator on its derivatives clearing organization application.
In a press release, ErisX cited Lubin's experience in the digital asset space and his familiarity with the Ethereum network, of which he was part of the founding team. The board has been expanded from four seats to five. Lubin filled the new seat, while Conde replaces independent board member Cliff Lewis, who had been on the board since February 2018.
The company initially plans to offer bitcoin futures at launch, though according to CoinDesk that timeline may be delayed by the ongoing U.S. government shutdown. ErisX plans to add ether and litecoin futures later. Head of marketing Jessica Darmoni told CoinDesk that launching ether products remains a company goal but declined to say whether ErisX planned to lobby for or announce an ether futures product in the near future. She said the company does not comment on regulatory engagement while still in process with regulators, but noted that Lubin and his team bring extensive knowledge of Ethereum, the crypto space, and the token space.
CEO Thomas Chippas previously told CoinDesk that the company's interaction with the CFTC has been both positive and productive, and that ErisX looks forward to resuming work with the regulator on its derivatives clearing organization application.
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