Vermiculus to build 24/7 clearing system for unnamed crypto exchange
Vermiculus, a Stockholm-based financial technology firm, has been selected by one of the world's largest cryptocurrency exchanges to build a 24/7 clearing system for prediction markets. The system, covering Vermiculus's VeriClear technology, will provide real-time, event-driven clearing infrastructure tailored to event contracts that resolve on discrete outcomes. The deal was announced July 2, 2026. The exchange's identity and financial terms were not disclosed.
Prediction markets clear around the clock, but most legacy clearing infrastructure was built for equity and futures markets that shut overnight and on weekends. A purpose-built 24/7 clearing stack removes that mismatch, letting the exchange list shorter-dated event contracts without batching risk into traditional settlement windows.
For competitors, the deal sets a benchmark: any exchange that wants to match similar velocity will need to overhaul its own back office or buy equivalent capability. The unnamed exchange gains a first-mover advantage in contract variety, while Vermiculus secures a flagship reference client that it can use to sell the same architecture to other venues racing to add prediction-market products.