Crypto.com Approved to Launch Single-Stock Futures in the US, Plans to List Stock Perpetuals

BlockBeats news, September 17: Crypto.com's US-regulated derivatives trading platform Nadex has registered with the US Securities and Exchange Commission to trade securities futures products through OG.com. The registration took effect on September 14, and the SEC confirmed the registration filing on September 16. CEO Kris Marszalek stated that the registration authorizes the company to introduce single-stock futures to the US market, while it is also working with the SEC and CFTC to promote the offering of single-stock perpetual contracts in the US, i.e., futures contracts without a fixed expiration date.

US trading platforms are racing to establish stock perpetual futures. Coinbase also submitted a similar registration notice earlier this month, seeking to list stock perpetual contracts in the US, and its Chief Policy Officer Faryar Shirzad said CFTC approval is still required.