Blockchain.com Seeks US Approval for Event Contracts and Derivatives

blockchain.com

Digital asset platform Blockchain.com applied for licenses to offer event contracts and cryptocurrency derivatives in the United States, CNBC reported Friday (Oct. 9).

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    Subscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Blockchain.com told CNBC it filed applications with the Commodity Futures Trading Commission (CFTC) seeking a designated contract market (DCM) license and registration as a futures commission merchant (FCM), according to the report.

    “Users should be able to manage their digital assets, trade derivatives and take positions on real-world events easily, without jumping between different apps,” Blockchain CEO and Co-Founder Peter Smith said in the report. “Our DCM and FCM applications build toward that future in the U.S. through the appropriate regulatory frameworks.”

    Eleven other companies have filed for DCM licenses this year, and the CFTC has approved six new DCMs in 2026, according to the report.

    We’d love to be your preferred source for news.

    Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!

    Blockchain.com said in May that it filed confidentially for an initial public offering. The company said that the IPO is subject to market and other conditions as well as review by the Securities and Exchange Commission.

    Bloomberg reported Sept. 28 that Blockchain.com aims to go public this year, raise about $500 million in the IPO and secure a valuation of between $4 billion and $6 billion in the listing. The company was in talks with investors, and the details could change, the report said, citing unnamed sources.

    Blockchain.com announced Sept. 23 that it signed a memorandum of understanding with NYSE Group, the operator of the New York Stock Exchange.

    The company said that, subject to regulatory approvals, the agreement may offer Blockchain.com users access to tokenized U.S. exchange-listed equities and exchange-traded funds on the NYSE’s upcoming digital alternative trading system. The memorandum of understanding also includes bidirectional market data distribution, the firm said.

    Blockchain.com said in that announcement that it operates in more than 70 jurisdictions and supports 44 million confirmed accounts.

    Blockchain.com said in February that it received regulatory approval from the government in the United Kingdom and was included in the Financial Conduct Authority’s registry of licensed cryptocurrency companies.

    “By operating as a registered crypto asset business under the FCA, we are doubling down on our commitment to security and transparency,” Blockchain.com said at the time.