OG.com, the derivatives platform linked to Crypto.com, has secured authorization from the US Securities and Exchange Commission to offer single-stock futures after its legal entity completed a key registration step. The move positions the exchange to list products tied to individual equities in the domestic market while it continues discussions with regulators on perpetual futures.

SEC Acknowledgment of Form 1-N Filing

North American Derivatives Exchange, operating as Crypto.com Derivatives North America and under the OG.com brand, submitted Form 1-N to the SEC on September 14. The filing sought notice registration as a national securities exchange limited to security futures products under Section 6(g) of the Securities Exchange Act. The SEC formally acknowledged the submission, clearing the path for the platform to proceed with single-stock futures in the United States.

Under SEC rules, Form 1-N functions as a notice registration rather than a full application requiring Commission approval of every rule or product. Registration becomes effective upon filing for an existing Commodity Futures Trading Commission-designated contract market that restricts its securities activity to security futures and related instruments. Nadex has operated under CFTC oversight as a designated contract market since 2004, with its clearing arm registered as a derivatives clearing organization.

Direct access to the security futures will be limited to qualified exchange members. Firms handling customer accounts must hold dual registration as futures commission merchants and SEC-registered broker-dealers. Orders will match electronically under price-and-time priority, with clearing handled through approved members connected to a registered clearing agency.

Announcement and Broader Regulatory Plans

Crypto.com co-founder and chief executive Kris Marszalek disclosed the development in a post on X. He confirmed that OG.com had received the necessary clearance to list single-stock futures and stated that the company is collaborating with both the SEC and the CFTC on single-stock perpetual futures.

Marszalek described the effort as an attempt to combine innovations from digital asset markets with US capital markets structures. Perpetual futures lack fixed expiration dates and typically rely on funding mechanisms to track the underlying asset. No launch date, leverage parameters, funding rules, or specific stocks have been disclosed for the proposed perpetual products.

Proposed Contracts and Operational Details

The Form 1-N filing outlines plans for cash-settled futures on individual equities, with possible later inclusion of exchange-traded funds. An initial list of ten reference securities includes Apple, Advanced Micro Devices, Amazon, Alphabet, Meta Platforms, Microsoft, Micron Technology, Nvidia, Tesla and SpaceX. Nine of these are publicly traded companies; SpaceX remains privately held.

The exchange indicated an expected fee of $0.10 for each one-share security-futures contract, with potential additional charges for regulatory, data and connectivity services. Trading hours for the stock products will be set in individual product filings rather than uniform around-the-clock schedules used for some existing fully collateralized or margined contracts. Before any contracts can list, Nadex must still submit specific listing standards, terms and conditions under Section 19(b)(7) of the Exchange Act.

Corporate records in the filing show that OG Markets US, Inc. acquired full ownership of the exchange entity on June 15. Day-to-day operations remain under the exchange’s existing management. OG.com has described itself as operating independently following a strategic spin-off from Crypto.com.

Industry Context

Several other platforms have advanced equity-linked derivatives in recent months. Coinbase launched stock perpetual futures for non-US traders earlier in the year after expanding regulated crypto futures and cash equities access. Kraken has partnered with the London Stock Exchange on tokenized UK stocks with planned extended trading hours. CME has certified traditional single-stock futures contracts on major names including Apple, Amazon, Nvidia and Tesla. Kalshi has also outlined plans for equity-linked perpetual products.

The SEC registration does not itself authorize specific contracts for trading. Further product-level filings and regulatory coordination remain necessary before OG.com can begin offering the listed single-stock futures or the perpetual instruments under discussion with the SEC and CFTC.