According to an official press release dated January 17, Joseph Lubin (Founder of ConsenSys) has been appointed to the board of directors of ErisX (A cryptocurrency startup). ErisX is a cryptocurrency exchange and is also the reboot version of Eris Exchange which was initially established in the year 2010. ErisX raised an amount of $27.5 million in December 2018 from Nasdaq ventures and Fidelity Investments. It is foreseen that in the year 2019, ErisX will be offering both spot trading in ETH (Ethereum, BTC (Bitcoin) and LTC (Litecoin) and future markets.
The announcement made today also notes that along with Lubin, Chris Conde (Fintech entrepreneur) has also been appointed in the board of directors at ErisX. The startup highlighted that Lubin’s expertise and ‘extensive background working in the digital asset space.’ According to the CEO of ConsenSys, “2019 is expected to be a breakthrough year for digital assets.
Before becoming a part of ErisX, Cris Conde was the co-founder of Devon systems, which is essentially a software company. The company was taken over by SunGard (A software provider for the financial industry) in the year 1987. According to reports, SunGard became one of the software firms to be a part of the Fortune 500 list under the guidance of Conde.
Matt Trudeau, the founder of veteran exchange was appointed as ErisX’s CSO (Cheif strategy officer) and was assigned the role of exploring new options for growth in revenue along with piloting firms market structure efforts in the previous month.
TD Ameritrade (retail brokerage firm) along with DRW Holdings (Investing company) and Virtu financial (high-speed trader) came out to back ErisX. These organisations have agreed to become the market makers for ErisX to make sure of a profound order book for the exchange.