Blockchain.com Seeks Licenses for U.S. Crypto Derivatives Market
- Blockchain.com has applied for two licenses from the Commodity Futures Trading Commission (CFTC).
- The licenses include a designated contract market and a futures commission merchant.
- These licenses would allow Blockchain.com to offer event contracts and crypto derivatives in the U.S.
- Currently, these services are provided abroad through partners like Polymarket and Hyperliquid.
- The CFTC has approved six new designated contract market licenses in the current year.
Blockchain.com’s move to secure CFTC licenses aims to expand its offerings of event contracts and cryptocurrency derivatives directly within the U.S., bringing operations currently managed through international partners under its own roof.
By obtaining these licenses, Blockchain.com seeks to capitalize on the growing prediction market sector, which analysts project could become a $10 trillion industry by the decade’s end. Source
