OG.com Seeks CFTC Approval for Single-Stock Perpetual Futures

The convergence of crypto-native firms into regulated equity derivatives is the real signal here, not any single filing. OG.com's bid, alongside Coinbase, Kalshi and Payward, suggests perpetual-style contracts are being treated as a viable US product if the CFTC allows it. The open question is whether the agency treats single-stock perps as novel derivatives or as something closer to swaps, since that classification shapes who can list them and under what collateral rules. Nothing in the filing indicates timing, so the queue itself is the story.