The U.S. Commodity Futures Trading Commission (CFTC) announced on Thursday that it has issued Orders of Registration to TeraExchange, LLC (Tera), a New Jersey-based provisionally registered Swap Execution Facility (SEF), thereby granting fully registered status with the CFTC.

Tera is a Delaware limited liability company and a wholly-owned subsidiary of Tera Group, Inc. It received approval from the CFTC in September 2014 to launch the first bitcoin derivative.

“TeraExchange offers market participants an anonymous central limit order book (CLOB) for execution of a wide range of clearable swaps, as well as request-for-quote (RFQ), request-for-market (RFM) and indications of interest (IOI). Clearable swaps that can be traded on TeraExchange include interest rate swaps, credit default swap indices, and FX cash-settled and non-deliverable forwards. Bilateral contracts include equity derivatives and bitcoin forwards”, the website reads.

The recent announcement comes months after the CFTC settled its charges against TeraExchange for failing to prohibit wash trading and prearranged trading on the SEF platform.

SEFs are trading facilities that operate under the CFTC’s regulatory oversight for trading and processing swaps. SEFs were authorized to be created by the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 to provide greater pre-trade and post-trade transparency to the swaps market.

After reviewing the application, the CFTC determined that Tera has demonstrated compliance with the Commodity Exchange Act (CEA) and the CFTC’s regulations applicable to SEFs.

Besides Tera, the CFTC issued Orders of Registration to GTX SEF, LLC (GTX) of Bedminster, N.J., and FTSEF LLC (FTSEF) of Great Neck, N.Y. With this, there are currently 21 SEFs fully registered with the CFTC.