ErisX CEO explains why partnering directly with large brokers will help them win the cryptocurrency exchange race

After obtaining a DCO license this week, ErisX is poised for a step into the futures market. The company has now acquired both DCM and DCO licenses, allowing them to both trade and clear futures.

Competitors LedgerX and Bakkt are also planning steps towards similar derivatives. LedgerX obtained DCM and DCO licenses from the Commodity Futures Trading Commission (CFTC), while Bakkt is pursuing a license to operate as a trust so it can offer a one-month and one-day physically delivered bitcoin futures contract, which will be margined futures.

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