As per a report published on 17th of January, Joseph Lubin, who is the founder of ConsenSys – the blockchain Technology Company, has been appointed to the board of directors of cryptocurrency startup – ErisX.
The Crypto trading startup is increasing its board of directors as it is all set to inaugurate its spot and derivatives markets for digital assets which shall initially include Bitcoin and in due course shall also include Ethereum and Litecoin.
Cryptocurrency exchange ErisX is an upgraded version of the Eris futures market Exchange which was initially launched in 2010. Further, ErisX has raised $27.5 million from Fidelity Investments and Nasdaq Ventures in last December.
The press release by the company stated that Joseph Lubin and Cris Conde has joined its board of Directors. The existing members in the board are DRW CEO Don Wilson, Valor Equity Partners managing partner Antonio Gracias and ErisX CEO Thomas Chippas.
Cris Conde, a technology entrepreneur, was the co-founder of software company Devon Systems, which was purchased by SunGard in 1987, a software provider for the financial industry. Under Conde’s management, SunGard allegedly entered the list of Fortune 500, thereby became one of the few software and services firms to achieve the feat.
With Jubin’s and Conde’s appointment the board’s strength increased from four members to five. Lubin joining as a new member and Conde replacing the former independent board member Cliff Lewis, who was there as a member of the Board since early 2018.
Highlighting on Lubin’s expertise in the cryptocurrency world, the company stated Lubin has an “extensive background working in the digital asset space.”
Jessia Darmoni, the head of marketing for ErisX, stated that “As a general rule, we don’t comment on engagement with regulators while we are still in process with them. However, we can say that Mr. Lubin and his team bring extensive knowledge and background on Ethereum, the crypto space as well as the token space to ErisX.”
CEO of ErisX, Tom Chippas, welcoming the new members to the board said “We are pleased to welcome Joseph and Chris to the ErisX Board. As two leaders in the digital asset space, ErisX will benefit from the unique perspectives they offer and the enthusiasm they bring to the space. We also want to thank Cliff for the significant guidance and support he has provided, including helping shape the digital asset spot and regulated futures market.”
Last month, ErisX had declared the appointment of veteran exchange founder Matt Trudeau to the role of chief strategy officer (CSO), who shall take up the role of exploring fresh ways to increase revenue and motivate the firm’s market arrangement efforts.
Lubin further projected that “2019 is likely to be a breakthrough year for digital assets.”