Crypto.com and OG.com Launch U.S. Crypto Perpetual Contracts with Up to 5x Leverage

On Tuesday, Crypto.com, in partnership with its derivatives partner OG.com, officially launched crypto perpetual contracts for eligible U.S. traders. The product offers up to 5x leverage, supports both long and short positions on major crypto assets, has no expiration date, and includes take-profit and stop-loss order functionality as well as isolated margin. To support this offering, Crypto.com recently completed registration with the U.S. National Futures Association (NFA) as an Introducing Broker (IB). All trading, clearing, and settlement are executed via OG.com’s CFTC-regulated exchange, clearinghouse, and futures commission merchant (FCM). This launch comes shortly after the U.S. Commodity Futures Trading Commission (CFTC) announced in May its move to open the U.S. market to crypto perpetual contracts—having previously approved Kalshi’s Bitcoin perpetual contract and granted Coinbase a license to offer such products.