加密货币商业：交易所押注预测市场

Prediction markets have become one of the most influential, yet controversial areas in the world of cryptocurrencies. Once limited to niche platforms, prediction markets now attract significant attention from large exchanges, venture capital firms, and traditional financial institutions.

As prediction markets become more integral to the business model of cryptocurrencies, Crypto.com is seeking to hire a quantitative trader for its internal market-making department. This move raises questions about fairness and market structure.

Meanwhile, Coinbase acquired The Clearing Company, indicating Coinbase’s long-term investment in regulated prediction markets. The Clearing Company is a startup that operates on-chain prediction markets, with team members who have worked at Kalshi and Polymarket.

On the other hand, it has been reported that JPMorgan Chase is exploring providing cryptocurrency trading services to institutional clients. This highlights how digital assets continue to penetrate traditional financial sectors, even with companies like DWF Labs taking risks by entering the physical goods sector.

Crypto.com is looking for an internal market maker to handle prediction market services.

Crypto.com is one of the latest cryptocurrency exchanges to enter the field of prediction markets, but its recent recruitment efforts have sparked concerns about market structure and potential conflicts of interest.

据彭博社报道，Crypto.com正在招聘一名量化交易员，该职位隶属于公司内部做市部门，将与其他交易员一起买卖预测合约。据悉，该职位的主要职责是为预测市场结果提供流动性。

Crypto.com的一位发言人并未否认该报道，但表示此举旨在通过增加竞争和流动性来提高市场效率。该公司强调，其内部做市商与外部参与者遵循相同的规则。

这一发展凸显了中心化交易所对预测市场日益增长的兴趣，尽管在这些新兴交易场所中，治理、透明度和公平准入等问题仍然存在。

Coinbase收购清算公司，扩大其在预测市场的布局

Coinbase通过收购The Clearing Company进一步进军预测市场。The Clearing Company是一家链上预测市场初创公司，其高管曾在Polymarket和Kalshi工作过。

Coinbase告诉Cointelegraph，这笔交易预计将于1月份完成，但财务条款尚未披露。Coinbase Ventures是The Clearing Company的早期投资者，曾参与今年早些时候的1500万美元融资。

此次收购符合Coinbase的更广泛目标，即发展成为高管们所描述的“全能交易所”，涵盖加密货币交易、代币化资产、股票交易和预测市场。

In a recent report, Coinbase stated that the prediction market is one of the most promising areas for growth by 2026. Key factors driving this growth include increased user participation and changes in regulatory and tax policies. The company also noted that proposed changes to U.S. taxation policies could limit tax deductions, thereby reducing the attractiveness of traditional gambling options. This could lead more users to turn to regulated prediction platforms instead.

Source: Haun Ventures

It is reported that JPMorgan is considering providing cryptocurrency trading services to institutional clients

It is reported that JPMorgan is considering offering digital asset trading services to certain institutional clients. This banking giant hopes to expand its services as the demand from professional investors continues to grow.

According to Bloomberg, JPMorgan is exploring cryptocurrency-related products and services within its marketing department. This indicates that the company’s involvement in the digital asset sector may deepen, rather than limited to custody and blockchain-based settlement plans.

This move comes at a time when interest in cryptocurrencies among institutions is growing, and the changing political and regulatory environment in the U.S. also supports this development. The Trump administration has signed the GENIUS Act, a comprehensive legislation on stablecoins, indicating its more relaxed stance towards digital assets.

If JPMorgan真的进入加密货币交易领域，这将是传统金融市场和数字资产市场（尤其是机构层面）逐步融合的另一个重要里程碑。

DWF Labs has completed the settlement of physical gold transactions.

DWF Labs has expanded its services beyond digital assets to include physical commodities. They have successfully settled a transaction involving 25 kilograms of gold. This move reflects the broader trend towards diversification in the cryptocurrency industry.

Andre Grakov, the managing partner, stated that the company has completed its first precious metal transaction as a test case. In the future, they plan to expand this to other physical commodities, such as silver, platinum, and cotton. This transaction did not rely on blockchain technology; instead, it utilized traditional settlement infrastructure.

It’s worth noting that more and more cryptocurrency-based companies are quietly expanding their services by incorporating traditional assets into their offerings. This indicates that they are taking a more practical approach to revenue generation and risk management.

Amid increasing macroeconomic uncertainties, gold continues to attract strong investor demand. Meanwhile, Bitcoin and the broader cryptocurrency market struggle to maintain their growth momentum. At a time when DWF is undergoing expansion, this is particularly important.

Source: Andre Grakov