Blockchain.com seeks CFTC approval for US prediction markets and crypto derivatives
Blockchain.com files for two CFTC licenses to serve US customers
Crypto wallet and trading platform Blockchain.com has applied to the Commodity Futures Trading Commission for two US licenses that would allow it to offer prediction markets and crypto derivatives to American customers.
The company is seeking a designated contract market license and registration as a futures commission merchant. Both fall under CFTC oversight. The application was reported Friday by CNBC.
Blockchain.com currently offers these products overseas but not in the United States. If approved, the licenses would open the door for US customers to trade on real-world events and use crypto derivatives through the platform.
What the company already offers abroad
Blockchain.com currently provides prediction markets through Polymarket and perpetual futures via Hyperliquid. Perpetual futures are a type of derivatives contract that lets traders bet on price movements without an expiry date. These products are available only to customers outside the US.
CEO and co-founder Peter Smith told CNBC: "Users should be able to manage their digital assets, trade derivatives and take positions on real-world events easily, without jumping between different apps."
Link to traditional finance grows
In September, Blockchain.com reached an agreement with the New York Stock Exchange to give its users access to tokenized US stocks and ETFs. An ETF is a fund that tracks an asset, index, or commodity and trades like a stock. This would come through the exchange's planned digital trading platform.
The move signals a broader push to bridge crypto and traditional finance products under one platform.
IPO ambitions resurface
Alongside the regulatory push, Bloomberg reported last week that Blockchain.com is targeting a $500 million initial public offering at a valuation between $4 billion and $6 billion. The company confidentially filed for an IPO in May 2026.
Plans to go public date back at least four years. In April 2022, the company was in talks with banks about a listing, shortly after raising funds at a $14 billion valuation.
What is still unclear
The CFTC applications have not yet been approved. It is unknown when or whether the regulator will grant the licenses. No timeline for a decision has been disclosed.
Similarly, the IPO target remains a report from Bloomberg and has not been formally confirmed by the company.
Newisty Editorial Team covers technology, cryptocurrency, digital products, online platforms, developer tools and the wider digital economy. Our content is researched from official sources, company announcements, public documentation, market data and other primary or reputable sources. Articles are reviewed and edited before publication for clarity, accuracy and useful context.
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