Duncan Niederauer joins TeraExchange

TeraExchange, a regulated bitcoin futures exchange, has appointed former New York Stock Exchange (NYSE) CEO and Goldman Sachs partner Duncan Niederauer as an advisory director. He will provide insights to bitcoin-focused company.

Christian Martin, TeraExchange CEO, said that Niederauer is expected to help the firm develop its strategy and to capitalize on existing market opportunities.

"Duncan has great pedigree when it comes to market structure and also a great history of traveling in circles that we're trying to introduce ourselves to", Martin told CoinDesk. He added that TeraExchange offers a unique opportunity as it was approved from the CFTC last year, and said "Because we're already regulated, I think there's a comfort level that other pockets of the bitcoin infrastructure are not quite there yet".