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\n\t\t\t\t\t\t\t\t\tCrypto.com is joining a growing push to bring single-stock perpetuals into the U.S. market. Coinbase and Kalshi are pursuing similar products.\t\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n
The price of Cronos (CRO) rose about 6% this Friday after Crypto.com\u2019s CEO Kris Marszalek announced the company has filed with the CFTC to list equity perpetuals in the United States.<\/p>\n
\n\u201cNext step unlocked: We\u2019ve officially filed with the CFTC for equity perps in the US, following our Form 1-N acknowledgement by the SEC last week. Bridging digital asset innovation with US capital markets is happening in real time. Brick by brick,\u201d Marszalek wrote on X.<\/p>\n<\/blockquote>\n
Two Regulators, Two Filings<\/h2>\n
An equity perpetual is a futures contract on a stock with no expiry date. In the US, such a contract sits with both market regulators, so Crypto.com needs the SEC and the CFTC.<\/p>\n
Nadex, the Chicago exchange Crypto.com runs as Crypto.com Derivatives North America, and OG.com filed a Form 1-N on September 14. The SEC acknowledged it on September 16. That notice registers Nadex as a securities exchange for the sole purpose of trading security futures, effective the day it was filed.<\/p>\n
The form lists ten stocks Nadex plans to start with, such as Apple, AMD, Amazon, Alphabet, Meta, Microsoft, Micron, Nvidia, Tesla and SpaceX. Those ten are ordinary cash-settled futures with an expiry date.<\/p>\n
Perpetual versions of those futures need the CFTC as well, under a policy the agency set on May 29. It says perpetuals on equities should go through the CFTC\u2019s case-by-case approval process.<\/p>\n
Similarly, Coinbase filed<\/a> its own Form 1-N for single-stock perpetuals on September 1, then Kalshi followed suit seeking CFTC approval.<\/p>\n
Third Crypto.com Catalyst This Month<\/h2>\n
CRO has had a run of Crypto.com news since it fell below $0.05 on August 7 (its lowest since October 2023) when Trump Media recently cancelled<\/a> two deals with the exchange.<\/p>\n
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