Binance.US Plans CFTC Bid to Expand Beyond Spot Crypto Trading

TLDR

• Binance.US plans to apply for a CFTC designated contract market license next month.
• The license could allow Binance.US to list event contracts for U.S. retail customers.
• CEO Stephen Gregory disclosed the plan at the Rare Evo conference in Las Vegas.
• Binance.US is expanding beyond spot crypto trading into prediction markets and derivatives.
• Prediction market rivals Kalshi and Polymarket already compete in the U.S. market.

Binance.US plans to seek a key CFTC license next month as the exchange moves beyond spot crypto trading and targets the fast-growing prediction market sector.

Binance.US Seeks Derivatives Exchange License

Binance.US Chief Executive Stephen Gregory said the company plans to apply for designated contract market status from the Commodity Futures Trading Commission next month. The disclosure came during the Rare Evo conference in Las Vegas.

A designated contract market license would allow Binance.US to operate a federally regulated derivatives exchange. The approval could also let the platform list event contracts for U.S. retail customers under CFTC oversight.

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