Crypto.com and OG.com launch US perpetual crypto contracts with 5x leverage

The significance here is less the product itself than the venue: perpetuals, long the backbone of offshore crypto trading, are being packaged for a US audience with leverage deliberately capped well below what offshore venues typically offer. That 5x ceiling reads as a compliance-minded design choice, and it shapes who these contracts suit — retail users rather than the high-leverage crowd. Whether the capped-leverage model draws meaningful volume, and whether other platforms follow into the US perp market, is the open question worth watching.