ErisX

ErisX is a US-based cryptocurrency exchange and clearinghouse prioritizing regulatory compliance. This exchange operates as a regulated Derivatives Clearing Organization (DCO) under the jurisdiction of the Commodity Futures Trading Commission (CFTC), ensuring a high standard of governance and oversight. Traders seeking to understand the operational policies can access ErisX’s comprehensive rulebooks, which provide detailed information regarding the exchange’s functioning and regulatory standards.

Among ErisX’s core offerings are CFTC-regulated, financially settled futures contracts for Bitcoin (BTC) and Ethereum (ETH). These futures contracts enable traders to gain exposure to cryptocurrency assets without directly owning the underlying assets. By leveraging these regulated futures contracts, participants can manage the risks linked to the possession and transaction of digital currencies, providing a structured approach to trading in the cryptocurrency space.

ErisX also features spot trading services. However, it should be noted that the spot market is not licensed, approved, or registered with the CFTC and operates independently from its regulations. Instead, the spot trading functions under state licensing requirements and is active in New York, where it operates under a license granted by the New York State Department of Financial Services. This distinction highlights the varied trading options and emphasizes understanding the regulatory framework guiding these services.