Tera launches regulated Bitcoin swap platform

摘要

TeraExchange has launched the first regulated platform to trade Bitcoin derivatives, marking a significant step forward in efforts to develop a liquid swap market for hedging against price moves in the highly volatile electronic currency. The latest development from the CFTC-registered swap execution facility follows execution of the first unregulated US dollar/Bitcoin swap - a non-deliverable bilaterally negotiated forward swap agreement that was structured by the Tera Group (IFR 2026 p76 "First Bitcoin swaps created").