OG.com seeks CFTC approval for single-stock perpetual futures
Reported by Cointelegraph · AI-assisted summary by ChikoCorp AI News Desk
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Summary
OG.com Markets has filed with the US Commodity Futures Trading Commission (CFTC) to offer perpetual futures based on individual stocks. The platform, which was spun out from Crypto.com and led by CEO Kris Marszalek, aims to list cash-settled single-stock futures that trade 24/5 without expiration. This move follows similar filings from Coinbase, Bitnomial, and Kalshi as crypto and prediction market firms expand into US equity perpetual futures.
Why it matters
The source highlights a growing trend of crypto trading platforms introducing a popular derivative from digital asset markets—perpetual futures—into the US stock market. This development may influence how US equity derivatives trading evolves under emerging regulatory frameworks from the CFTC and SEC. The source does not explicitly state broader market or user impacts.
Key context
Perpetual futures differ from traditional futures by having no expiration date, allowing continuous exposure without contract rollovers; the product originated with BitMEX in crypto markets in 2016. The CFTC has taken steps to regulate perpetual futures since early 2023, including case-by-case reviews and temporary relief allowing certain exchanges to offer no-expiry contracts. The SEC recently permitted limited on-chain trading of tokenized US stocks.
Key numbers and entities
OG.com Markets, Crypto.com (former parent company), CEO Kris Marszalek, Robinhood (equity investor in OG.com), Coinbase, Payward/Bitnomial, Kalshi, CFTC, SEC, and the $5 billion valuation of OG.com are mentioned. The product discussed is single-stock perpetual futures trading 24 hours a day, five days a week.
What remains unclear
The source does not clarify the timeline for CFTC approval or OG.com’s specific launch plans post-approval. Details on potential risks, fees, or how these perpetual futures might interact with existing stock futures markets are not provided. The broader regulatory stance or response from other market participants remains unexplained.