ErisX Hires Former Barclays Executive As It Eyes Q2 Launch Of Institutional Crypto Exchange
Institutional-grade crypto exchange ErisX has announced that it has hired three more people, who are joining the crypto platform from Barclays, Youtube and the CBOE.
According to the exchange’s official press release, the three veterans are expected to fill executive positions at the company.
The announcement comes as ErisX inches ever closer to the launch of its highly anticipated spot trading marketplace for major cryptocurrencies in Q2.
The platform will offer spot trading for Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), and Litecoin (LTC). The exchange will also offer physically delivered futures contracts in these coins, subject to the approval of U.S. regulators.
The three to join ErisX executive team are Robert Thrash, Arnold Connell, and John Denza. According to CEO Thomas Chippas, the three complete the exchange’s C-Suite team.
Thrash is the new chief operating officer (COO), Connell becomes Head of Infrastructure while Denza will be the exchange’s business development executive.
Former Barclays’ employee Thrash joins ErisX after spending 12 years at the bank working as a managing director of the bank’s clearing and futures execution team, his LinkedIn profile shows.
Thrash noted that ErisX had “assembled an impressive team of experts” that will help the firm build one of the most ‘robust, secure and regulated’ crypto platforms. He added that the exchange would be instrumental in helping both institutional and retail investors gain access to digital asset markets.
The appointment of John Denza will add his experience in the fintech and exchange industry to the ErisX team. He was previously with Pico Quantitative Trading where he worked at the firm’s head of sales in the United States.
Denza also spent nearly ten years as director at BATS, an exchange that was acquired by Cboe Global Markets in 2017.
Arnold Connell joins ErisX from video streaming platform YouTube, reportedly playing a significant role in creating YouTubeTV. Connell also spent nine years at Google, where he held various positions.
As the exchange’s head of infrastructure, he will serve under the company’s head of technology Tony Acuña-Rohter.
ErisX’s latest hires come after the exchange announced that ConsenSys’ Joseph Lubin would be joining it as a member of the board of directors. In December last year, veteran crypto figure Matt Trudeau joined the exchange as its new chief strategy officer
CEO Chippas has said that the exchange is on track to beat its Q2 deadline for the launch of its spot trading market. He also revealed that the firm is awaiting approval from the Commodities Futures Trading Commission for its futures exchange.
In December last year, ErisX closed its series B funding round, raising $27.5 million from Fidelity Investments, Nasdaq Ventures, and ConsenSys.
The exchange will face considerable competition from a slew of rival platforms, including Bakkt that is preparing to launch its bitcoin futures once it gets the go-ahead from the CFTC.
Another rival, Chicago-based SeedCX, launched its institutional-grade spot trading marketplace for crypto last month.
Fidelity, on its part, announced early this month that its Fidelity Digital Assets Services product had entered the “final testing” phase as it prepares to launch.
Disclaimer: This is not investment advice. Cryptocurrencies are highly volatile assets and are very risky investments. Do your research and consult an investment professional before investing. Never invest more than you can afford to lose. Never borrow money to invest in cryptocurrencies.