Blockchain.com launches platform for 30-second BTC price bets

Cryptocurrency exchange and wallet provider Blockchain.com announced the launch of SnapMarket today, a platform that allows users to bet on Bitcoin's price movements in 30-second intervals, CoinDesk reported. CoinDesk noted the platform's similarity to binary options, a product banned for retail investors in the European Union and the UK. In response, Blockchain.com refuted the comparison, arguing that SnapMarket is not comparable to binary options. The company described it as a simple and transparent way for users to react to short-term cryptocurrency price fluctuations.