About ErisX
ErisX is a Financial Services company based in Chicago (United States) founded in 2010 by Thomas Chippas, and was acquired by Chicago Board Options Exchange in October 2021. It operates as a cryptocurrency trading platform is operated for individuals and institutions. ErisX has raised $47.5 million across 3 funding rounds from investors including Consensys, Fidelity Investments and BITMAIN. Its chief executive is Thomas Chippas. ErisX offers products and services including Digital Asset Futures and Clearing Services. Its focus areas include FinTech, Cryptocurrencies, Investment Industry and Online Trading Platforms. Its legal entity is Cboe Digital Exchange, LLC. Its competitors include Coinsquare, Kraken, KuCoin, Bitso and Coinbase and 4 more; 9 of its 9 listed competitors have raised funding.
Company details
ErisX was founded in 2010 in Chicago, United States, and functions as a cryptocurrency trading platform in the digital assets sector. Accounts are created through KYC processes, with funding options available for trading spot and futures contracts. Supported assets include Bitcoin, Bitcoin Cash, Ethereum, and Litecoin. Settlement services are provided for the spot market, serving both individual and institutional users.
- Headquarters Chicago, United States
- Founders Thomas Chippas
- Stage Acquired
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website erisx.com
- Social LinkedIn X Facebook
- Acquired by Chicago Board Options Exchange (Oct 2021)
- Legal Name Cboe Digital Exchange, Llc
- Total Equity Funding$47.5M (USD)
in 3 rounds
- Latest Funding Round$20M (USD), Series B
Apr 2019
- InvestorsConsensys
& 28 more
- Acquired byChicago Board Options Exchange
(Oct 2021)
Products & Services of ErisX
ErisX offers a comprehensive portfolio of products and services, including Digital Asset Futures and Clearing Services.
Platform for trading financially settled futures of BTC and ETH.
Services to eliminate settlement risk in digital asset futures.
Funding Insights of ErisX
ErisX has successfully raised a total of $47.5M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $20 million completed in April 2019. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $47.5M
- Total Rounds 3
- Last Round Series B — $20M
- Investors Count 29
All 3 funding rounds of ErisX with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr 2019 | $20M | Series B | – | Castle Island Ventures, DRAGONFLY | |
| Dec 2018 | $27.5M | Series B | – | Fidelity Investments, Nasdaq | |
| Oct 2018 | – | Seed | – | TD Ameritrade, CME Group |
29 investors in total: 29 institutional.
Investors in ErisX
ErisX has secured backing from 29 investors, including venture fund and institutional investors. Prominent investors backing the company include Consensys, Fidelity Investments and BITMAIN.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital fund focused on blockchain and cryptocurrency companies | – | castleisland.vc | Cambridge, United States | |
Early-stage blockchain technology companies are invested in by the firm. | – | cmt.digital | Chicago, United States | |
Blockchain-focused investment funds and venture capital are provided. | – | panteracapital.com | Menlo Park, United States | |
Diversified investment management is handled by SIG across multiple assets. | 1987 | sig.com | Bala Cynwyd, United States | |
Venture capital and equity principal services are provided by Dragonfly. | 2018 | dragonfly.xyz | Oakland, United States | |
Venture capital investments are directed toward fintech and crypto sectors. | – | ctcventurecapital.com | Chicago, United States | |
Private equity firm | – | valorep.com | Chicago, United States | |
Venture capital firm backed by DRW | – | drwvc.com | Chicago, United States | |
Futures and options exchange services are provided worldwide. | 1973 | cboe.com | Chicago, United States | |
Stock trading, clearing, and securities listing services are operated globally. | 1971 | nasdaq.com | New York, United States |
Investor details for ErisX
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
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People of ErisX
403 people are tracked at ErisX (124 in leadership, 11 in board & advisors, 268 in team).
| Name | Role | Group |
|---|---|---|
Thomas Chippas | Co-Founder & CEO | Leadership |
Ruben Hilhorst | Head Of Compliance Cboe Europe BV | Leadership |
Aderonke Adedokun | Director - Human Resources Business Partner | Leadership |
Victor Werny | Senior Director, Head Of North American Exchange Traded Product Listings | Leadership |
Tim Cave | Head Of Regional Communications | Leadership |
Andrea Munn | Compliance Director | Leadership |
Jennifer Trahant | Senior Director Of Operations | Leadership |
Crystal Stanfield | Vice President, Global Talent Acquisition | Leadership |
Matt Keagy | Director, Risk And Market Analytics Sales | Leadership |
Lana Kart | HR Manager, HR Business Partner | Leadership |
Alex Dalley | Head Of European Cash Equities | Leadership |
Sal Syed | Sr. Director, HRIS & HR Operations | Leadership |
Will Tegel | Senior Director, Regulation - Options Investigations | Leadership |
Steve Dickey | Managing Director - Options Price Reporting Authority | Leadership |
Shyam Savania | Senior Director, Cboe Europe Operations | Leadership |
Stephen Dorrian | European Head Of Business Development (cboe Data Vantage) | Leadership |
Vincent Cicco | Director | Leadership |
Bonita Leung | Group Head Of Legal APAC | Leadership |
Chuck Maslowski | Director, Object Infrastructure Development | Leadership |
Kevin Yaussy | Director, Infrastructure Software Development, Source Configuration Management | Leadership |
383 more people are available in the full profile.
Complete people profiles for ErisX
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
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- Professional contacts
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Timeline of ErisX
4 dated milestones of ErisX across 11 years, from founding to its latest funding, stage changes and deals.
- Founded ErisX is founded.
- Funding First funding round.
- Funding Latest funding round, Series B, of $20.0M.
- Exit Acquired by Chicago Board Options Exchange.
Competitors of ErisX
ErisX has 9 listed competitors in our database, 9 of them funded. They include Coinsquare, Kraken, KuCoin, Bitso and Coinbase, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| coinsquare.com | 2014 | Toronto, Canada | $124.67M | – | Digital assets are bought, sold, and traded on Coinsquare. | |
| kraken.com | 2011 | San Francisco, United States | $866.01M | 4 | Provider of an app-based trading and exchange platform for cryptocurrency | |
| kucoin.com | 2017 | Mahe, Seychelles | $180M | – | Cryptocurrencies are bought, sold, and traded via this exchange platform. | |
| bitso.com | 2014 | Mexico | $331.35M | – | Cryptocurrencies are traded and exchanged through an online platform. | |
| coinbase.com | 2012 | San Francisco, United States | $546.62M | 3,416 | Cryptocurrency trading, storage, and exchange services are offered online. | |
| wealthsimple.com | 2014 | Toronto, Canada | $1.29B | 1,251 | Online robo advisory and stock trading services are provided. | |
| bitflyer.com | 2014 | Chiba, Japan | $36.61M | 15 | Bitcoin is bought, sold, and traded via an online platform. | |
| coinlist.co | 2017 | San Francisco, United States | $119.2M | 27 | App-based trading platform for cryptocurrency | |
| mercadobitcoin.com.br | 2013 | Sao Paulo, Brazil | $237.6M | – | Cryptocurrency assets are traded and exchanged online by users. |
Detailed competitors of ErisX
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Verified entity values are shown only after access is granted.
Web traffic of ErisX
The website of ErisX (erisx.com) receives about 4.7K visits a month.
- Monthly visits4.7K
▲ 40.3% vs previous month
Top companies in Cryptocurrencies
10 companies that operate in the same segment as ErisX (Cryptocurrencies), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cross-border cryptocurrency payments for businesses are enabled through APIs. | 2013 | Boston, Massachusetts, United States | USD 1.51 B | USD 2.75 B | 1,533 | |
Online exchange platform for cryptocurrency | 2017 | Ta Xbiex, Malta | USD 2.02 B | – | 14,747 | |
App-based platform for exchange and trading solutions for cryptocurrency | 2011 | London, England, United Kingdom | USD 700 M | – | 1,212 | |
Terraform Labs is engaged in blockchain technology development. | 2018 | Singapore, Singapore | USD 57 M | – | – | |
Ledger is recognized for providing secure cryptocurrency hardware wallets. | 2014 | Paris, Ile de France, France | USD 575.4 M | – | 802 | |
App-based wallet and exchange platform for cross-border money transfers | 2013 | London, England, United Kingdom | USD 73.36 M | – | – | |
Cryptocurrency trading, storage, and exchange services are offered online. | 2012 | San Francisco, California, United States | USD 546.62 M | USD 7.18 B | 7,025 | |
Cryptocurrencies are traded and exchanged through an online platform. | 2014 | Mexico City, Mexico City, Mexico | USD 331.35 M | – | 884 | |
Decentralized exchange platform for cryptocurrency trading is operated. | 2018 | New York, New York, United States | USD 176 M | – | 217 | |
Mobile app for storing and trading cryptocurrencies is utilized. | 2013 | London, England, United Kingdom | USD 13 M | – | – |
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Frequently Asked Questions about ErisX
ErisX was founded in 2010 and raised its 1st funding round 8 years after it was founded.
ErisX is headquartered in Chicago, United States. It is registered at Chicago, Illinois, United States.
Thomas Chippas is the current CEO of ErisX. They have also founded this company.
ErisX is a funded company, having raised a total of $47.5M across 3 funding rounds to date.
ErisX was founded in 2010 in Chicago, United States, and functions as a cryptocurrency trading platform in the digital assets sector. Accounts are created through KYC processes, with funding options available for trading spot and futures contracts. Supported assets include Bitcoin, Bitcoin Cash, Ethereum, and Litecoin. Settlement services are provided for the spot market, serving both individual and institutional users.
ErisX offers Digital Asset Futures and Clearing Services.
ErisX has 29 investors. Key investors include Consensys, Fidelity Investments, BITMAIN, CME Group, and Nasdaq.
ErisX operates through Cboe Digital Exchange, Llc.
Yes. ErisX was acquired by Chicago Board Options Exchange in October 2021.