Key facts
- Binance.US plans to apply for a Designated Contract Market license from the CFTC.
- The application is expected to be filed next month.
- Binance.US aims to offer prediction markets.
- This move expands Binance.US offerings beyond cryptocurrency spot trading.
- Binance has launched gold and silver options contracts.
- These options are USDT-settled.
- The contracts are available on Nest Exchange.
- Nest Exchange is regulated by the Abu Dhabi Global Market.
- The launch follows strong demand for Binance's commodity futures.
Binance.US is preparing to apply for a Designated Contract Market license from the Commodity Futures Trading Commission (CFTC) next month. This application aims to enable the exchange to offer prediction markets, thereby expanding its services beyond the current scope of cryptocurrency spot trading. CEO Steve Gregory stated the exchange's intention to pursue this license.