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ErisX Becomes 25th Entity to Receive New York BitLicense

US CFTC Grants ErisX License for Physically Delivered Digital Asset Futures Contract
US CFTC Grants ErisX License for Physically Delivered Digital Asset Futures Contract

ErixX, a platform that “provides price transparency and collateral efficiencies,” has just received approval for “virtual currency and money transmitter licenses,” from the New York State Department of Financial Services (DFS).

Speaking on the matter is Linda A. Lacewell, the Superintendent of the DFS, who had said:

“DFS continues its commitment to fostering financial innovation in New York. Today’s approval is another step in expanding virtual currency activities in the State and promoting New York’s support for financial innovation, which will be especially important as we work to reopen the economy of the world’s financial capital.”

From now on, customers in New York will be able to buy and trade cryptocurrencies such as Bitcoin and Ethereum on the ErisX platform.

This is quite significant, considering New York is one of the most difficult states in the United States to receive approval to trade. That difficulty, of course, is due to the BitLicense required by New York.

Recently, Bitstamp received this BitLicense, as previously reported on by InsideBitcoins.

“Our technology stack as well as regulatory framework, operations, and transparent marketplace are building blocks from the established commodity markets. They help us best protect our Members from market abuse and manipulation and preserve market integrity,” said Thomas Chippas, the CEO of ErisX.

ErisX is now the 25th entity to receive a BitLicense in New York.

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