Fidelity Digital Assets Clients Can Now Trade Bitcoin (BTC) on ErisX Crypto Exchange

In an official announcement dated April 9, 2020, ErisX cryptocurrency exchange announced it had inked an alliance with $8 trillion assets giant Fidelity Investments’ digital currency arm – Fidelity Digital Asset Services – to expand safe and regulated access to crypto-assets for institutional investors.

Fidelity Expands Its Crypto Services Suite

Per a new strategic partnership between ErisX and Fidelity Digital Asset Services, institutional investors signed with the latter will now be able to trade Bitcoin (BTC) on the U.S.-based exchange.

In its attempt to ease the access to digital assets through familiar investing tools, ErisX exchange has joined forces with Fidelity Digital Asset Services to let the latter access the ErisX spot market. This move will reportedly increase the breadth of accessible liquidity available to Fidelity Digital Assets’ customers.

According to the official announcement, the partnership will bring a stable of “vetted institutional investors” that are willing to increase their portfolio exposure to digital assets – in particular, Bitcoin.

Commenting on the development, Thomas Chippas, CEO of ErisX, said:

We believe in the crypto ethos of accessibility to all on equal terms and about leveling the playing field for everyone. Our time-tested and proven central limit order book ensures that the best price on the market is available to everyone. We are thrilled to have Fidelity Digital Assets’ support for our transparent market model.

Similar sentiments were echoed by Terrence Dempsey, Head of Product, Fidelity Digital Assets. He said:

We’re excited to deepen our strategic relationship with ErisX and to give our clients more liquidity in their digital asset trading. We believe ErisX’s central limit order book exchange model is critical to the maturation of crypto markets. Coupled with their technical aptitude, accessible order sizes, and a robust regulatory framework, ErisX is an attractive solution to securely…

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