Binance.US to seek CFTC designated contract market status

2 min read

Binance.US plans to apply next month for designated contract market status with the Commodity Futures Trading Commission as it moves beyond spot crypto trading into prediction markets and perpetual products. That federal designation would let the exchange operate derivatives under CFTC oversight and potentially list event contracts for retail customers, but applicants must meet surveillance, customer protection, financial resource and anti-manipulation requirements. Binance.US has not yet appeared on the CFTC's public list of pending applications, approval is not guaranteed, and the move is part of a broader comeback strategy after its U.S. market share fell from about 20% to nearly zero.

Binance.US plans to seek CFTC designated contract market status next month.