TREE NEWS update: Crypto.com and derivatives partner OG.com began rolling out crypto perpetual futures to eligible US traders on October 28, offering up to 5x leverage, take-profit and stop-loss orders, and isolated margin. The products run through OG.com’s CFTC-regulated exchange, clearinghouse and futures commission merchant, while Crypto.com is registered with the NFA as an introducing broker. The CFTC opened US markets to crypto perpetuals in May; Kraken launched its US perpetuals product in June.
Crypto.com launches US crypto perpetual futures with up to 5x leverage
The significance here is structural rather than product-level: a CFTC-regulated venue is now hosting perpetuals, the contract type US traders were long shut out of, and Crypto.com is entering as an introducing broker rather than the exchange itself. That division of roles matters for how compliance and clearing risk are allocated. Kraken's earlier entry shows the field is no longer first-mover territory, so differentiation will hinge on liquidity and margin terms. Whether the introducing-broker model draws other offshore brands into the regulated perimeter is the open question worth watching.
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