Crypto.com rolls out U.S. crypto perpetual futures with OG.com

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Crypto.com launches US futures

Highlights

Crypto.com launches perpetual futures for eligible U.S. users via its App and Exchange, operating through OG.com's CFTC-regulated exchange and clearinghouse starting Tuesday.
Crypto.com registered as an introducing broker with the National Futures Association, joining recent U.S. moves such as Kraken's launch of perpetuals after the CFTC approved Kalshi’s bitcoin perpetuals in May.
Nadex, under OG.com, registered with the SEC last month to trade security futures, aligning with Crypto.com's goal to offer single-stock perpetual futures in partnership with the SEC and CFTC.

Launch adds to U.S. perpetuals push

As first reported by The Block, the new perpetual futures begin rolling out on Tuesday for eligible U.S. users and allow traders to take positions on rising or falling crypto prices without an expiration date. The contracts are available through Crypto.com’s App and Exchange and include take-profit and stop-loss orders as well as isolated margin, though the companies do not specify the eligibility requirements in the release.

Crypto.com says it recently registered as an introducing broker with the National Futures Association to support the launch. The products operate through OG.com’s CFTC-regulated exchange and clearinghouse and futures commission merchant.

Regulatory shift widens derivatives market

The move follows the CFTC’s May decision to open the U.S. market to crypto perpetuals. The agency approved Kalshi’s bitcoin perpetuals and issued no-action relief for Coinbase to offer digital commodity derivatives.

Kraken then launched U.S. perpetuals on Kraken Pro in June after acquiring Bitnomial, underscoring how quickly the segment is developing. Crypto.com is also seeking to expand into stock derivatives, and Nadex, the exchange operating under OG.com, registered with the SEC last month to trade security futures.

At that time, Chief Executive Kris Marszalek said the company was also working with the SEC and CFTC to offer single-stock perpetual futures. In September, Ondo Perps Chief Executive David Wells told The Block that U.S. perpetuals are a major opportunity, although offshore platforms would need different clearing and settlement arrangements to comply with U.S. rules.

In our earlier article on the AI-linked tech selloff driven by rate fears, we explained how hotter-than-expected U.S. inflation data revived expectations for further Fed tightening and triggered sharp declines in Nasdaq-related names. We also noted that higher financing costs were forcing investors to reassess funding for large-scale AI infrastructure, adding pressure to chipmakers and other tech leaders.

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