TeraExchange Claims First Bitcoin Swap Trade
The USD/Bitcoin swap was executed between digitalBTC and an unnamed hedging counterparty.
"There is significant, growing demand for a hedging instrument like this," says Christian Martin, CEO and co-founder at 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."
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