Blockchain.com has taken a significant step toward expanding its offerings in the U.S. by filing for two key licenses from the Commodity Futures Trading Commission (CFTC). The company has applied for both a Futures Commission Merchant (FCM) and a Designated Contract Market (DCM) license, which would allow it to provide regulated crypto derivatives and prediction markets to both retail and institutional clients.
The move marks a major shift for Blockchain.com, which has primarily focused on spot cryptocurrency trading. With these licenses, the company aims to offer derivatives like futures and options, as well as event contracts, which are financial instruments tied to the outcomes of specific events. This expansion could position Blockchain.com as a more comprehensive platform for crypto trading in the U.S.
The applications were filed recently, though the exact date was not specified. If approved, Blockchain.com would join a growing list of crypto firms seeking to operate within the regulatory framework set by the CFTC. The regulatory body has been increasingly active in overseeing the crypto derivatives market, emphasizing the need for compliance and consumer protection.