Daily Market Updates: Crypto exchanges target prediction markets as token trading declines

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Crypto exchanges target prediction markets as token trading declines

Reported · Written up by our desk · Equity Funds

Crypto exchanges are accelerating their expansion into prediction markets as falling digital asset prices and declining trading volumes push platforms to diversify their revenue streams, according to a report by the Financial Times. Blockchain.com last week applied for a US licence to offer regulated prediction markets, while Binance US has also recently sought regulatory approval, joining Coinbase, Crypto.com and Gemini in targeting the rapidly growing sector. Prediction markets allow traders to speculate on outcomes ranging from elections and sporting events to interest rate decisions and ec

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HedgeweekCrypto exchanges target prediction markets as token trading declines

ETFs & Funds

Crypto exchanges target prediction markets as token trading declines

More like this

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