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.
Start the conversation