Crypto.com and OG.com began offering regulated cryptocurrency perpetual futures to eligible US customers on October 27, 2026. The contracts allow long or short positions on digital assets without fixed expiration dates and support leverage of up to 5x. Trading is available around the clock through the Crypto.com App for retail users and the Crypto.com Exchange for institutional and advanced traders.

The products operate under a Commodity Futures Trading Commission framework. Crypto.com recently registered as an introducing broker with the National Futures Association. OG.com supplies the underlying regulated exchange, clearinghouse and futures commission merchant services. Entities involved include North American Derivatives Exchange, operating as Crypto.com Derivatives North America, along with Foris DAX Inc. as the introducing broker and Foris DAX FCM, LLC, which carries customer accounts and holds funds.

Contract Features and Initial Assets

Perpetual contracts differ from traditional futures by remaining open indefinitely as long as margin requirements are met. Traders can maintain continuous exposure without the need to roll positions into new contracts at set expiry dates. The offering includes isolated margin, take-profit orders and stop-loss orders to help manage individual positions.

Initial contracts cover Bitcoin, Ether, Solana, HYPE, Zcash and Sei. Only US dollar cash serves as collateral. At maximum 5x leverage, $200 in margin supports a $1,000 position. Positions may incur ongoing funding-rate payments that adjust prices toward the underlying spot market, with settlements occurring multiple times daily. Losses can exceed initial margin, and adverse moves may trigger liquidation.

Marszalek also described the expansion as giving users the ultimate toolkit for market flexibility. The companies position the products as part of a broader effort to combine spot trading, derivatives, prediction markets and rewards within one ecosystem.

Regulatory Backdrop and Market Context

The launch follows several 2026 actions by the CFTC that clarified pathways for perpetual-style digital commodity futures. Earlier in the year the agency issued policy guidance and no-action relief, approved a Bitcoin perpetual contract for another platform, and permitted certain designated contract markets to convert perpetual-style products into true perpetual futures. These steps reduced prior uncertainty about how such instruments fit within the US futures framework.

Other platforms have already entered the segment. Coinbase has pursued access through its regulated futures business, while Kraken introduced US perpetuals after acquiring Bitnomial. Kalshi received approval for its Bitcoin perpetual earlier in 2026. The Crypto.com and OG.com rollout adds further competition in a market that previously saw most perpetual volume trade on offshore venues offering substantially higher leverage, often 50x or 100x.

The 5x cap produces meaningful leverage while leaving greater room before liquidation compared with the highest offshore levels. At extreme leverage, small price moves can eliminate margin rapidly. The lower limit aligns more closely with regulated risk-management expectations focused on customer protection and margin controls.

Trading Mechanics and Practical Considerations

Although contracts have no expiry, funding payments between long and short sides keep prices aligned with spot markets. When perpetual prices trade above spot, longs typically pay shorts; the reverse applies when prices trade below. Extended positions can become costly if funding consistently moves against a trader. This dynamic makes the instruments more commonly used for shorter-term speculation or hedging than for indefinite hold strategies.

Retail access occurs through the Crypto.com mobile application. Institutional and experienced traders use the exchange interface. Eligibility details were not fully specified in the announcement, and access remains subject to jurisdictional and onboarding requirements, including risk-profile surveys for first-time users of the products. A temporary fee waiver on certain charges applies through late November, though funding payments continue.

The introduction expands domestic options for continuous crypto exposure that US traders previously often obtained offshore. It places the instruments inside existing futures infrastructure with segregated customer funds and registered intermediaries while retaining core perpetual mechanics of leverage, funding and potential liquidation.