#CryptoCorner: ErisX Wins DCO License, Binance to Offer Futures Contracts, Gemini Applying for Broker-Dealer License

Point Roberts, WA and Delta, BC – July 2, 2019 (Investorideas.com Newswire) Investorideas.com, a leader in crypto and blockchain investing news, in partnership with Fit Pay, Inc.’s (subsidiary of NXT-ID (NASDAQ: NXTD) crypto payment tech, Flip and the Genesis Exchange and Wallet App bring you today’s edition of the Crypto Corner podcast and commentary on what’s driving the cryptocurrency market.

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#CryptoCorner: ErisX Wins DCO License, Binance to Offer Futures Contracts, Gemini Applying for Broker-Dealer License and Russian May Not Be Banning Libra

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Crypto Corner

Stocks discussed: (NasdaqGS:FB)

U.S. crypto exchange ErisX has been granted a derivatives clearing organization (DCO) license from the U.S. Commodity Futures Trading Commission (CFTC), according to a blog post yesterday. This, in addition to a previously acquired Designated Contract Market (DCM) license, allows the firm to offer the clearing of digital asset futures contracts, which according to the blog post, will launch later this year. Thomas Chippas, CEO of ErisX, commented:

“ErisX is unique in that for our digital asset market, we have divided the trading and settlement functions using traditional DCM (exchange) and DCO (clearing) models. This reflects the structure that institutional investors expect from other asset classes and will help drive these markets toward greater relevance and accessibility.”

Similarly, crypto exchange giant Binance will offer futures contracts. The news was announced by Binance CEO Changepeng Zhao (CZ) during his keynote speech at the Asia Blockchain Summit in Taipei, according to a company tweet.

The operator of Binance’s forthcoming U.S. crypto trading platform, BAM…

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