first U.S. Bitcoin derivative

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    A major stumbling block to wider Bitcoin adoption was removed today (Friday) with the launch of the first regulator-approved U.S. Bitcoin derivative.

    Summit, N.J.-based TeraExchange announced that trading of U.S. dollar/Bitcoin swaps started today following approval by the Commodity Futures Trading Commission (CFTC).

    The availability of a Bitcoin derivative means businesses will be able to hedge against the risk of Bitcoin price volatility, which had made many merchants reluctant to accept the digital currency.

    But that’s not all this new Bitcoin instrument will do…

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