December Sees an Influx of Interest From Financial Institutions Sequoia, Baidu, Nasdaq, and Fidelity

2018-12-6 22:47

The bear market seems to have strengthened the trust of large financial institutes like Sequoia, Baidu, Nasdaq, and Fidelity. They are just a few large VCs, tech conglomerates, and finatech institutions to bet heavy on cryptos last week.

Just a couple of days back BitcoinExchangeGuide had reported that the second largest stock market operator, Nasdaq, and Fidelity, the fourth largest asset managers in the have invested in ErisX.

ErisX is a cryptocurrency trading platform that is still working to get their progress going. However, with a recent Series B funding round that closed today at $27.5 million, it is safe to say that they are prepared to push their momentum to a new level. Contributors to this investment include Bitmain, ConsenSys, Fidelity Investments, Nasdaq Ventures, and Monex Group. These businesses are significant for their current roles in the financial industry, considering that the NASDAQ is the second-largest exchange in the world, and Fidelity handles $7.2 trillion in their clients’ assets. So far, none of the contributors have released the amount of their contribution.

In the past, Eris Exchange has also received support from TD Ameritrade, but their goal now is to be the home of a Commodity Futures Trading Commission-regulated futures market and clearinghouse. J.B. Mackenzie, the head of futures and foreign exchange trading at TD Ameritrade had earlier stated that their stake in ErisX confirms its concern in building a platform with which accredited investors can partake in the crypto ecosystem.

ErisX CEO Thomas Chippas said:

“With increasing financial support from leading-edge firms, ErisX stands to provide the most robust, secure and regulated digital asset offering available to both institutional and individual participants. Closing this second round of funding enables us to continue building our modern platform and expand our team.”

The crypto market has continuously shown signs of a fertile market which shows hints of longevity and high demands. Now, cases like these and involvement of Sequoia, Nasdaq and Fidelity reaffirm that the interest of larger institutes has just begun.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Formosa Financial (FMF) на Currencies.ru

$ 0.0004577 (+0.00%)
Объем 24H $0
Изменеия 24h: -0.11 %, 7d: 98.23 %
Cегодня L: $0.0004538 - H: $0.0004624
Капитализация $394.44k Rank 99999
Цена в час новости $ 0.0014729 (-68.93%)

nasdaq large market fidelity sequoia baidu financial

nasdaq large → Результатов: 6


Crypto Week In Review: Bitcoin ETF Talk Mounts, Nasdaq To Launch “Crypto 2.0” Futures

The crypto market at large sustained its turbulent price action this week, with Bitcoin (BTC) jolting up and down between key levels of resistance and support. However, in spite of the dreary price action, this industry’s participants kept their pedal to the metal, announcing a series of developments that piqued the interest of investors worldwide.

2018-12-3 21:28


Фото:

Swiss Stock Exchange Operator Plans to Launch Crypto Exchange

SIX, the firm that operates and owns the Swiss stock exchange, has announced plans to launch a fully regulated digital cryptocurrency exchange. The firm says it plans to launch "the first market infrastructure in the world” which will “offer a fully integrated end-to-end trading" while providing a safe environment where digital assets can be issued and existing securities and non-bankable assets can be tokenized.

2018-7-7 23:11


Tesla’s Death Spiral

Stanphyl Capital June 2018 letter to investors on Tesla Inc. (NASDAQ:TSLA) The fund was absolutely massacred this month, and it was primarily due to our large short position in Tesla, to which I added on each new piece of negative news, much of which was indicative of the kind of outright fraud (see below) that […]

2018-7-1 10:49