The recent drop in the price of bitcoin has reminded many industry participants, particularly those that arrived within the last year, of the inherent volatility associated with new, immature and illiquid markets.
"We have gone in and taken the assets away from the competent people, given them to the incompetent people and said to the incompetent people, now you compete with the competent people with their money. It’s absurd.”
Bitcoin trading is gaining traction as a legitimate trading instrument, and now there is a new option for institutional traders on the first regulated platform for bitcoin derivatives and a spot bitcoin price index.
The bitcoin derivative and the Tera Bitcoin Price Index were created to meet the growing demand of global merchants, payment processors, miners, and hedge funds for an efficient hedging tool. Institutional market makers have already offered to provide continuous markets over a range of tenors.