Crypto and Event Trading Could Join One Blockchain.com Service

Blockchain.com has submitted applications to the CFTC to offer prediction markets and cryptocurrency derivatives in the United States, though the applications have not yet been approved. The company seeks to operate under designated contract market status, enabling it to run a regulated futures exchange, and as a futures commission merchant, allowing it to broker derivatives contracts.

These permissions would allow Blockchain.com to provide event contracts and crypto derivatives under the federal framework. The company currently serves some international customers through Polymarket and Hyperliquid-powered perpetual futures. CEO Peter Smith stated that the filings represent a plan to integrate digital asset management, derivatives trading, and event-based positions into a single service.

Approval depends on the CFTC's decision, as the agency is still deciding how to regulate prediction markets and contracts on regulated exchanges. Other major crypto platforms, such as Binance.US, Crypto.com, and Coinbase, are also exploring ways to offer event-based trading, further indicating the growing interest in this area.