TeraExchange Receives US Approval to Launch First Bitcoin Derivative

By September 13, 2014Bitcoin Business

The first financial instrument tied to bitcoin has launched following approval from the US government.

TeraExchange , a swap execution facility based in Summit, New Jersey, is marketing the bitcoin derivative to large institutions looking for a way to reduce the volatility and risk associated with traditional types of bitcoin exposure.

CoinDesk spoke with president and co-founder Leonard Nuara , who said that the new product can help bridge the gap between the existing bitcoin trading ecosystem […]

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