Prospect Trading Gains CDNA Membership, Expanding US Presence
Prospect Prediction Markets Inc. (TSXV: MKT | OTCQB: MKTSF | FSE: DEP) has taken a significant step into the US prediction market sector through its wholly-owned subsidiary, Prospect Trading USA LLC.
The company announced on August 24 that it has become a member of Crypto.com | Derivatives North America (CDNA), a CFTC-regulated U.S. derivatives exchange.
As a result, Prospect Trading will have direct access to CDNA's exchange platform, which is described as one of the most established CFTC-regulated exchanges in the United States and a pioneer in event-contract markets.
The membership supports the buildout of Prospect Markets' Institutional Trading division, according to CEO Johnny Chen, who stated that it 'deepens our role in the U.S. prediction markets ecosystem as it continues its rapid growth.'