Binance.US plans to seek designated contract market, or DCM, status from the U.S. Commodity Futures Trading Commission next month, according to reporter Eleanor Terrett. The disclosure came from Binance.US CEO Stevie Satoshi during the RareEvo conference. The company said the goal of the application is to offer prediction market services to users. The update points to a formal regulatory step tied to Binance.US’s planned product expansion in the U.S. market. No further timeline or application details were disclosed in the report.
Binance.US plans to apply next month for designated contract market, or DCM, status with the U.S. Commodity Futures Trading Commission, according to reporter Eleanor Terrett.
Speaking at the RareEvo conference, Binance.US CEO Stevie Satoshi said the company is seeking the qualification with the aim of offering prediction market services to users.
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