OG.com Seeks CFTC Approval for Perpetual Futures on Individual Stocks
- OG.com Markets has filed with the CFTC to offer cash-settled single-stock perpetual futures that trade continuously.
- The platform, valued at $5 billion, was spun off from Crypto.com and aims to expand into derivatives beyond prediction markets.
- Recent filings for similar products were submitted by Coinbase, Kraken’s Payward, and Kalshi on September 18.
- The SEC recently approved limited onchain trading of tokenized US stocks under its Innovation Exemption.
- The CFTC is reviewing perpetual contracts on a case-by-case basis and has previously approved Kalshi’s Bitcoin perpetual futures.
As OG.com seeks regulatory approval, it joins a growing trend among crypto platforms aiming to introduce perpetual futures in the US stock market amidst evolving regulatory landscapes from the SEC and CFTC.
With recent filings from multiple platforms, including Coinbase and Kraken, the push for perpetual futures reflects a significant shift in trading dynamics within US equity markets.(Source)
