According to CoinDesk, cryptocurrency exchange and wallet provider Blockchain.com announced on the 6th that it has launched 'SnapMarket,' a platform where users can bet on Bitcoin price predictions at 30-second intervals. CoinDesk pointed out that 'SnapMarket's betting market is similar to 'binary options,' which are prohibited for retail investors in the European Union (EU), the UK, and other regions.' In response, Blockchain.com stated, 'SnapMarket cannot be compared to binary options,' arguing that it is 'a simple and transparent way to respond to short-term cryptocurrency price fluctuations.'
