Blockchain.com has started the US approval process to expand beyond spot crypto services into prediction markets and derivatives. The company said it has applied to the Commodity Futures Trading Commission for designated contract market approval and futures commission merchant registration.
The move is aimed at letting Blockchain.com offer US customers services it already provides in other regions, including a prediction market product tied to Polymarket and perpetual futures trading through Hyperliquid.
US market push
The applications mark a formal step toward entering regulated US markets for event-based trading and derivatives. If approved, Blockchain.com would be able to broaden its product set for domestic users beyond its current core wallet and trading business.
The company has framed the effort as part of a wider expansion in financial products rather than a standalone launch. The filings with the CFTC show it is seeking the permissions needed to operate in areas that face closer US regulatory oversight than standard crypto trading.
Products already offered abroad
Outside the US, Blockchain.com already gives customers access to a prediction market service linked to Polymarket. It also offers perpetual futures trading through Hyperliquid, two products it is now looking to extend to American users through the regulatory process.
Chief executive and co-founder Peter Smith said the broader goal is to let customers handle digital assets, trade derivatives and take positions on real-world events without switching between multiple applications. His comments suggest the company wants to combine several currently separate crypto and market activities inside a single platform.
Broader expansion plans
The CFTC applications come as Blockchain.com is also moving into tokenized securities. The company has signed an agreement with the New York Stock Exchange to let users invest in tokenized US stocks and exchange-traded funds through the NYSE's digital trading platform.
That initiative points to a strategy that reaches beyond cryptocurrencies into blockchain-based versions of traditional financial assets. Together with prediction markets and derivatives, tokenized securities would significantly widen the range of products available through the app if the relevant plans move ahead.
IPO ambitions and next steps
Blockchain.com is also pursuing an initial public offering. It is aiming to raise about $500 million at a valuation of $4 billion to $6 billion, with the company hoping to complete the listing this year.
For now, the immediate confirmed step is regulatory review. The company has begun the application process, but whether and when US customers will be able to access prediction market and derivatives products depends on the outcome of the CFTC's consideration of its DCM and FCM requests.
Source: en.bloomingbit.io