OG.com Files for CFTC Approval to Offer Stock Perpetual Futures
The Crypto.com spinoff joins a growing wave of crypto-native firms racing to bring perpetual futures on individual US stocks to American traders.
A new entrant has joined the race to bring perpetual futures on individual stocks to American retail traders. OG.com, a platform recently spun out of Crypto.com, has applied to the Commodity Futures Trading Commission for approval to offer single-stock perpetual futures — a product long popular in offshore crypto markets but largely unavailable to US customers under domestic regulation.
The move positions OG.com alongside a notable cohort of crypto-native and prediction-market firms pursuing the same regulatory green light. Coinbase, prediction-market platform Kalshi, and Payward — the parent company of crypto exchange Kraken — have each filed similar requests with the CFTC, signaling that demand for these instruments has reached a tipping point in the industry.
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Perpetual futures differ from traditional futures contracts in that they carry no expiration date, allowing traders to hold leveraged positions on an underlying asset indefinitely. Widely used in crypto markets to speculate on Bitcoin and other digital assets, the structure has never been broadly sanctioned for US equity underlyings, making CFTC approval a meaningful regulatory threshold.
The cluster of applications reflects a broader strategic bet: that a more crypto-friendly regulatory posture in Washington could open the door to hybrid products that blend equity exposure with derivatives mechanics familiar to digital-asset traders. Whether the CFTC moves quickly or treats these filings as an occasion for extended deliberation will shape how fast this market segment can develop.
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