Blockchain.com Seeks CFTC Approval for U.S. Derivatives

Blockchain.com is seeking to establish a regulated U.S. derivatives business, with plans to bring cryptocurrency futures, options and prediction markets into the same application used for its existing digital asset services. The company announced on October 13 that it had filed applications for two registrations under the Commodity Futures Trading Commission (CFTC). If approved, the proposed structure could allow Blockchain.com to operate a derivatives marketplace while also providing customer-facing brokerage services. The announcement does not establish when trading might begin. Blockchain.com has yet to identify its initial contracts, clearing arrangements or the precise structure of its planned U.S. offering.