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ErisX, a Renowned Crypto Exchange Joins the US Chamber of Digital Commerce

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The US Chamber of Digital Commerce has added another member. The advocacy group, which promotes the crypto and blockchain sectors has added Erisx, a leading crypto exchange. A press release unveiled this news on July 18.

According to a report, this move has seen Erisx join other top crypto firms such as Medici Ventures and R3.

In the report, Erisx’s CEO, Thomas Chippas noted,

The Chamber of Digital Commerce and its member initiatives are very much aligned with our objective to improve the digital asset trading and investing landscape. We are pleased they recognize our dedication to help bring mainstream adoption and accessibility to this space through an intermediary-friendly model and unified platform for spot and regulated futures.

Perianne Boring, the founder, and president of the Chamber of Digital Commerce said,

We look forward to bringing ErisX’s experience as a regulated market to the Chamber and to their participation in our efforts to educate policymakers as well as advocate for digital assets and blockchain technology.

Erisx’s Recent Milestones

Prior to joining the US Chamber of Digital Commerce, Erisx got a license for trading crypto futures. The US CFTC awarded the exchange a DCO license earlier this month. Through this license, the platform reportedly aims to launch crypto futures contracts on its derivatives market before the year ends. Also, the exchange holds a designated contract market (DCM) license.

Per Chippas, having DCO and DCM permits sets Erisx apart from other exchanges. This is because the exchange has a two-stream system for separating trading and settlement.

Before this, Erisx rolled out its spot market in April this year. According to the firm, this spot exchange is part of its wider goal of creating a single platform for crypto and futures trading. Following this launch, Erisx reportedly enabled the support of USD trading pairs with BTC, ETH, LTC, and BCH.

This news comes after the Chamber of Digital Commerce called on the US government to introduce a national action plan on the blockchain. The group believes that the blockchain has a lot of transformational benefits. While the US leads in tech progress, the group notes that the country is yet to fully embrace the blockchain at a national level. It added that other countries are adopting the blockchain aggressively, meaning the US could lose the chance of becoming the blockchain leader.

Do you think Erisx joining the US Chamber of Digital Commerce will have an impact on its daily trading volume? Let us know in the comments below.

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