Blockchain.com pursues CFTC approval for prediction markets: CNBC
The crypto company has reportedly applied for two licenses with the US commodities regulatory as the courts weigh prediction markets cases.


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The crypto company has reportedly applied for two licenses with the US commodities regulatory as the courts weigh prediction markets cases.

Blockchain.com is seeking CFTC designation and registration to offer U.S. event contracts and cryptocurrency derivatives.

Kalshi seeks a $40 billion valuation, while Blockchain.com targets an IPO and crypto treasury companies struggle to maintain their once-high valuations.

The crypto company is seeking a valuation of up to $6 billion, well below its 2022 peak, as recently listed crypto stocks struggle to hold their gains.

The rollout in collaboration with Ondo Finance broadens access to tokenized traditional assets as demand for onchain stocks and ETFs continues to grow.

The crypto services company began the US IPO process as companies across the digital asset sector weigh public market debuts.

With a CFTC greenlight expected soon, industry momentum is building for the derivative contracts still only available to non-US investors.

The crypto brokerage said increasing demand across West Africa is driving its expansion as user activity grows across the Sub-Saharan region.

Blockchain.com praised Malta's regulatory clarity while member states still argued over how MiCA should apply across the EU.

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