The Block • October 9th 2026, 4:05 PM
Blockchain.com seeks CFTC greenlight for prediction markets, crypto derivatives trading: CNBC
Key Summary
Blockchain.com has submitted applications for Commodity Futures Trading Commission (CFTC) licenses to offer prediction markets and crypto derivatives trading, amid plans for a $500 million initial public offering (IPO). The move aims to expand the company's offerings beyond digital wallets and custody services. The company is seeking approval for derivatives trading and prediction markets, which would enable users to engage in various types of trading and investment activities. The CFTC's approval is seen as a significant step towards the company's IPO plans, which are expected to be announced soon.
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Blockchain.com Pursues CFTC Approval for Prediction Markets and Crypto Derivatives
Overview
Blockchain.com has applied for Commodity Futures Trading Commission (CFTC) licenses to offer prediction markets and crypto derivatives trading. The move is seen as a significant step towards the company's planned $500 million initial public offering (IPO).Market Expansion
The company's applications for DCM and FCM licenses aim to expand its offerings beyond digital wallets and custody services. Prediction markets and crypto derivatives trading would enable users to engage in various types of trading and investment activities, further increasing the company's revenue streams.Regulatory Approval
The CFTC's approval is crucial for Blockchain.com to move forward with its IPO plans. The company is seeking approval for derivatives trading and prediction markets, which would allow it to offer a wider range of services to its users.#Blockchain#US#Crypto#IPO#DerivativesTrading