Ahead Of Planned IPO, Blockchain.com Applies For CFTC Licenses To Offer Event Contracts And Crypto Derivatives In The US
Blockchain.com has taken a big step towards increasing its US product providing by submitting two purposes with the Commodity Futures Trading Commission (CFTC). The digital asset platform is in search of a Designated Contract Market (DCM) license, which might designate it as a futures change, and registration as a Futures Commission Merchant (FCM), which might permit it to behave as a dealer for derivatives contracts. If permitted, these licenses would allow the corporate to supply occasion buying and selling contracts and cryptocurrency derivatives to each retail and institutional shoppers throughout the United States, all inside a totally regulated framework.
The transfer displays a broader strategic imaginative and prescient of consolidating digital asset companies right into a single platform. According to CEO and co-founder Peter Smith, customers ought to be capable to handle their digital property, commerce derivatives, and take positions on real-world occasions with out switching between a number of purposes — a objective the DCM and FCM purposes are designed to advance domestically.
Importantly, this isn’t a wholly new course for the corporate. Earlier this yr, Blockchain.com examined prediction market merchandise with a few of its worldwide shoppers via a partnership with Polymarket, whereas providing perpetual contracts powered by Hyperliquid. The CFTC filings mark the extension of that product technique into the regulated US market, a step the corporate argues will carry event-based buying and selling underneath applicable federal oversight.
Joining a Crowded and Rapidly Evolving Market
Blockchain.com’s purposes place it on the intersection of two converging developments: crypto exchanges getting into the prediction market house, and prediction market operators adopting crypto-style merchandise. Crypto.com and Gemini function their very own occasion contract marketplaces, whereas Coinbase primarily affords related merchandise via its partnership with Kalshi. In the wrong way, Kalshi and Polymarket have launched perpetual futures — one of the vital well-liked buying and selling merchandise in crypto — for US and worldwide clients respectively.
Competition for regulatory approval is intensifying as nicely. Blockchain.com is now one among twelve corporations which have filed for DCM licenses this yr alone, with the CFTC having permitted six new designated contract markets in 2026. The surge in purposes underscores each the rising mainstream enchantment of occasion contracts and the trade’s push towards compliant, US-based buying and selling infrastructure.
The licensing effort additionally coincides with the corporate’s preparations to enter public markets. Blockchain.com confidentially filed for an preliminary public providing with the Securities and Exchange Commission in May, and stories have indicated it’s focusing on a public itemizing this yr at a valuation between $4 billion and $6 billion. The final result of its CFTC purposes may show consequential for that trajectory, as a totally licensed US derivatives and prediction market providing would strengthen its place because it approaches potential traders.
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