Tera Exchange partners with BitGo as wallet solution for bitcoin derivative traders
Tera Exchange has selected BitGo as the custodial service provider for its bitcoin derivative offering. Tera Exchange clients will get a BitGo Enterprise™ account.
Tera Exchange's platform was recently approved by the US Commodity Futures Trading Commission (CFTC), although the derivative products themselves are still pending approval. Will O’Brien, BitGo's CEO and co-founder, commented:
"TeraExchange has proven to be a key player in the bitcoin derivatives market with the launch of their regulated platform last month. We are excited to be at the forefront of this fundamental shift in how the Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term with BitGo multi-sig wallets are used to safely hold collateral for these types of swaps."
BitGo’s claim to fame is its multi-signature wallet, which repels attacks with multiple levels of protection, analogous to a safe inside a safe. The wallet is part of a larger set tools designed for large enterprises.
Bitcoin businesses and organizations have been increasingly turning to enterprise-grade storage and security solutions to protect their customer's assets. The strategy works twofold: mature companies responsible for a large quantity of assets can sleep better at night. They do not have to resort to Cold Storage Cold Storage Cold storage is a computer system or mode of operation that is designed for the retention of inactive data, in this case private keys for cryptocurrencies. This helps put up resilient barriers against theft by hackers and malware, and is often a necessary security protocol especially dealing with large amounts of Bitcoin.In order to “own” a cryptocurrency, one must be in control of a cryptocurrency’s private keys. As such, private keys are long strings of random characters that can be used to se Cold storage is a computer system or mode of operation that is designed for the retention of inactive data, in this case private keys for cryptocurrencies. This helps put up resilient barriers against theft by hackers and malware, and is often a necessary security protocol especially dealing with large amounts of Bitcoin.In order to “own” a cryptocurrency, one must be in control of a cryptocurrency’s private keys. As such, private keys are long strings of random characters that can be used to se Read this Term solutions to guarantee security. And startups looking to grow are better-equipped to reassure prospective clients over the safety of their holdings relative to the competition.
The new partners say they have now enrolled their first market participants: DigitalBTC and Ribbit.me, a provider of blockchain-based rewards programs.
Tera Exchange has selected BitGo as the custodial service provider for its bitcoin derivative offering. Tera Exchange clients will get a BitGo Enterprise™ account.
Tera Exchange's platform was recently approved by the US Commodity Futures Trading Commission (CFTC), although the derivative products themselves are still pending approval. Will O’Brien, BitGo's CEO and co-founder, commented:
"TeraExchange has proven to be a key player in the bitcoin derivatives market with the launch of their regulated platform last month. We are excited to be at the forefront of this fundamental shift in how the Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term with BitGo multi-sig wallets are used to safely hold collateral for these types of swaps."
BitGo’s claim to fame is its multi-signature wallet, which repels attacks with multiple levels of protection, analogous to a safe inside a safe. The wallet is part of a larger set tools designed for large enterprises.
Bitcoin businesses and organizations have been increasingly turning to enterprise-grade storage and security solutions to protect their customer's assets. The strategy works twofold: mature companies responsible for a large quantity of assets can sleep better at night. They do not have to resort to Cold Storage Cold Storage Cold storage is a computer system or mode of operation that is designed for the retention of inactive data, in this case private keys for cryptocurrencies. This helps put up resilient barriers against theft by hackers and malware, and is often a necessary security protocol especially dealing with large amounts of Bitcoin.In order to “own” a cryptocurrency, one must be in control of a cryptocurrency’s private keys. As such, private keys are long strings of random characters that can be used to se Cold storage is a computer system or mode of operation that is designed for the retention of inactive data, in this case private keys for cryptocurrencies. This helps put up resilient barriers against theft by hackers and malware, and is often a necessary security protocol especially dealing with large amounts of Bitcoin.In order to “own” a cryptocurrency, one must be in control of a cryptocurrency’s private keys. As such, private keys are long strings of random characters that can be used to se Read this Term solutions to guarantee security. And startups looking to grow are better-equipped to reassure prospective clients over the safety of their holdings relative to the competition.
The new partners say they have now enrolled their first market participants: DigitalBTC and Ribbit.me, a provider of blockchain-based rewards programs.