ErisX
The business, the turning points, and the decisions behind them.
Some sections are still being researched2 / 4
Sections to complete:02 · 05
01 / WHAT IT BUILT
What the company did
ErisX (Eris Digital Holdings, LLC) was a U.S.-based digital asset exchange and clearinghouse operator offering cryptocurrency spot and futures trading on a single platform. Led by CEO Thomas Chippas, it operated a digital asset spot market, a regulated futures exchange, and a regulated clearinghouse, built around regulatory compliance, data, and transparency.
02 / FAILURE REASONS
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03 / EVENT HISTORY
Events in the structured record
- Cboe acquisition announced
In October 2021, Cboe Global Markets announced it would acquire ErisX to enter digital asset spot and derivatives markets.
- Acquisition completed
On May 2, 2022, Cboe completed the acquisition of ErisX; the business was renamed Cboe Digital, with Thomas Chippas remaining as head of the digital asset business.
04 / CONTEMPORARY REBUILD ASSESSMENT
Difficulty of rebuilding this project today
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Overall assessment: Not completed
05 / CAUSAL CHAIN / AFTERMATH
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