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Joseph Lubin Joins ErisX

Distributed Summary:

  • The founder of ConsenSys joins the board of ErisX, a spot and futures crypto asset platform
  • Could precede additional assets becoming available on the platform
  • Signals potential optimism for 2019 crypto asset market

Joseph Lubin, the founder of ConsenSys, has recently joined fintech entrepreneur Cris Conde on the board of directors at ErisX.

ErisX is a platform for trading crypto asset spots and futures. Its website claims that its crypto trading is only “starting with Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH) and Litecoin (LTC)” while a more diversified asset offering could emerge. Lubin is a co-founder of Ethereum, and ConsenSys has launched a number of popular decentralized projects.

ErisX, for its part, has only recently made serious forays into the world of cryptocurrency. ErisX announced the board additions in a press release. ErisX CEO Tom Chippas said that, by adding Lubin and Conde, “ErisX will benefit from the unique perspectives they offer and the enthusiasm they bring to the space.”

By offering spot market — in which commodities are traded for immediate delivery — and a futures market — in which delivery is delayed — for crypto assets, ErisX gives potential investors a relatively unique platform. It appears to target both individual and institutional investors. The addition of Conde and Lubin could signal bullishness on both of their parts about the potential for such a platform despite the current market conditions.

“I look forward to bringing my experience with decentralized technologies and digital assets to a model that will further democratize access to digital assets,” Lubin said in the release. “2019 is likely to be a breakthrough year for digital assets, and the exceptional ErisX team is poised to lead.”

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