Crypto exchanges expand into prediction markets as token trading declines
Hedgeweek, citing a Financial Times report, says crypto exchanges are accelerating expansion into prediction markets as falling digital asset prices and declining trading volumes push platforms to diversify revenue. The post states Blockchain.com applied last week for a US licence to offer regulated prediction markets, and that Binance US has also recently sought regulatory approval, joining Coinbase, Crypto.com and Gemini. It reports Bitcoin and ether fell 28% and 42% respectively over the past year, while XRP and Solana lost around half their value.
Why “Unverified”
- Reported by Hedgeweek alone, with no second source or primary confirmation yet
1 independent source group across 1 post · evidence score 48/100. How labels work
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What the sources claim
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Crypto exchanges are accelerating expansion into prediction markets as falling prices and declining volumes push them to diversify revenue, per an FT report.
“Crypto exchanges are accelerating their expansion into prediction markets”
Hedgeweek -
Blockchain.com applied last week for a US licence to offer regulated prediction markets.
“Blockchain.com last week applied for a US licence to offer regulated prediction markets”
Hedgeweek -
Binance US has recently sought regulatory approval, joining Coinbase, Crypto.com and Gemini in targeting prediction markets.
“Binance US has also recently sought regulatory approval, joining Coinbase, Crypto.com and Gemini”
Hedgeweek -
Bitcoin has fallen 28% over the past year. BTC
“Bitcoin and ether have fallen 28% and 42%, respectively, over the past year”
Hedgeweek -
Ether has fallen 42% over the past year. ETH
“Bitcoin and ether have fallen 28% and 42%, respectively, over the past year”
Hedgeweek -
XRP and Solana have lost around half their value.
“XRP and Solana have lost around half their value”
Hedgeweek
Sources
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Summary and claims extracted by AI with prompt analyze-story@5 on 2026-10-21 08:20 UTC. Labels are computed from the sources, not by the model.