TeraExchange Completes First Bitcoin Derivatives Trade on Regulated Exchange

SUMMIT, N. J., Oct. 9, 2014 /PRNewswire/ — TeraExchange announced today the first bitcoin derivative transaction to be executed on a regulated exchange. The initial trade was completed between digitalBTC, the world’s first bitcoin-focused company to commence trading on a major stock exchange, and a hedging counterparty.
The TeraExchange USD/Bitcoin swap provides institutional market participants with the first regulated risk transfer mechanism to hedge or gain exposure to bitcoin. All trading of USD/Bitcoin swaps on TeraExchange, a regulated swap execution facility, are now subject to the rules and regulations of TeraExchange and the CFTC.
“There is significant, growing demand for a hedging instrument like this,” said Christian Martin, CEO and co-founder of TeraExchange. “Not only does the swap provide a much-needed risk management tool but it instills confidence and credibility to the entire Bitcoin community at a vital time in the market’s development.”

This post was published at Market Watch on Oct 9, 2014.