Bitcoin Derivatives Exchange TeraExchange Receives Approval From US Federal Regulator
Update Sept 18: The popular cryptocurrency exchangeHitBTC signed an agreemen with TeraExchange, a swap execution facility registered with the Commodity Futures Trading Commission, to provide an accurate and timed reference point for the first regulated platform for Bitcoin derivatives. According to the agreement, HitBTC’s trading data is included in the TeraExchange Bitcoin Price Index. The Tera Bitcoin Price Index employs a dynamic algorithm that compiles and filters data on a real-time basis from a number of widely utilized global Bitcoin exchanges. HitBTC executes and maintains the....
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TeraExchange, a New Jersey-based swap execution facility announced Thursday the completion of the first bitcoin derivatives transaction on a regulated exchange. The maiden transaction was completed between digitalBTC and a hedging counterparty. Incidentally, this first bitcoin derivatives transaction happened on the same day that the Commodities and Futures Trading Commission is hosting the Global Markets Advisory Committee in Washington DC. The public meeting includes a bitcoin derivatives-based panel discussion among CFTC Staff, academics and bitcoin industry participants including....
Derivatives exchange Nadex plans to offer bitcoin binary options to customers in the US next month, if its filing to register the options with the country's commodities regulator is accepted. Nadex will offer daily and weekly bitcoin binary options contracts, taking prices from the bitcoin price index published by TeraExchange, a derivatives trading platform. Both Nadex and TeraExchange are regulated by the US Commodity Futures Trading Commission (CFTC). The exchange is one of three 'designated contract markets' offering binary options in the US that are subject to CFTC oversight. It is....
TeraExchange, a New Jersey-based swap execution facility has launched its first regulated platform for Bitcoin derivatives and a spot BTC price index. The company that is registered with the Commodity Futures Trading Commission CFTC, announced the launch of the platform on Friday September 12th, 2014. Growing Demand for Bitcoin Derivatives. In a press release, the company stated that the Bitcoin Derivatives and Bitcoin Price Index platforms were created to meet the growing demand by global merchants, payment processors, miners and hedge funds for an efficient hedging tool. This new....
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 and a broad landscape of investors that are genuinely interested in digital currency. Nuara told....
MGT Capital Investments has entered into an agreement with Tera Group that would find the operator of the first regulated bitcoin derivatives platform TeraExchange going public on the New York Stock Exchange (NYSE) MKT, the leading equities capital market for small cap companies. The New Jersey-based company framed the news as that which would open up the NYSE to a bitcoin venture for the first time. TeraExchange CEO Christian Martin and president and COO Leonard Nuara explained that the company had been looking to enter the capital markets for three months, and that in MGT it was able to....