Binance’s American arm plans to seek CFTC DCM status in August to offer prediction markets

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Binance.US CEO Steven Steele announced on stage at the RareEvo conference that the exchange plans to apply to the CFTC in August for Designated Contract Market status, aiming to offer prediction markets to customers. According to the report, the application is part of the exchange's broader comeback strategy, which centers on lower trading fees and expanding beyond spot trading with products such as prediction markets and perpetuals.

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Binance’s American arm plans to seek CFTC DCM status in August to offer prediction markets

Explore the topic

More on Binance

Binance blocks MEXC transactions after FinCEN flags MEXC as a primary money laundering concern

North Korea-linked launderers launched six meme coins on NEAR to move $430,000 in stolen Binance funds

Binance's Bitcoin mining hashrate falls 65% to 9.2 EH/s as mining pool prepares to shut down after producing just one block in a week

Binance tells users in some European countries to withdraw crypto before fees begin, with accounts closing by year-end

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Binance France to close customer accounts December 31 after failing to secure MiCA authorization

Binance blocks MEXC transactions after FinCEN flags MEXC as a primary money laundering concern

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Binance's Bitcoin mining hashrate falls 65% to 9.2 EH/s as mining pool prepares to shut down after producing just one block in a week

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More on Binance

Binance blocks MEXC transactions after FinCEN flags MEXC as a primary money laundering concern

North Korea-linked launderers launched six meme coins on NEAR to move $430,000 in stolen Binance funds

Binance's Bitcoin mining hashrate falls 65% to 9.2 EH/s as mining pool prepares to shut down after producing just one block in a week

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