Share this article
TeraExchange Reinstated as Swap Execution Facility by CFTC Order
The regulatory body deemed the exchange dormant because it had no trading activity in the three years following its registration with the CFTC.
Updated Sep 14, 2021, 9:50 a.m. Published Aug 31, 2020, 5:53 p.m.
TeraExchange LLC, a wholly owned subsidiary of Tera Group Inc., was reinstated as a swap execution facility through a Commodity Futures Trading Commission (CFTC) order on Monday.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
- According to the press release posted on the CFTC website, TeraExchange was deemed dormant by the regulator in 2019 after it saw no trading activity in the three years following registration.
- An early entrant into the bitcoin derivatives market, TeraExchange had been granted a full registration to offer a bitcoin forwards contract and run a bitcoin price index in May 2016.
- According to the CFTC’s release on Monday, there are currently 19 swap execution facilities registered with the regulatory body, including the newly reinstated TerraExchange’s.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Japan’s Higher Rates Puts Bitcoin in the Crosshairs of a Yen Carry Unwind
A stronger yen typically coincides with de-risking across macro portfolios, and that dynamic could tighten liquidity conditions that recently helped bitcoin rebound from November’s lows.
What to know:
- The Bank of Japan is expected to raise interest rates to 0.75% at its December meeting, the highest since 1995, affecting global markets including cryptocurrencies.
- A stronger yen could lead to de-risking in macro portfolios, impacting liquidity conditions that have supported bitcoin's recent recovery.
- Governor Kazuo Ueda indicated a high probability of a rate hike, with officials prepared for further tightening if their economic outlook supports it.
Top Stories
