Crypto.com and OG.com Launch U.S. Crypto Perpetuals

Crypto.com and OG.com announced on October 27 that eligible U.S. customers can trade cryptocurrency perpetual contracts through the Crypto.com App and Exchange, with leverage of up to five times and no contract expiry date. The companies said the launch operates through a regulated U.S. derivatives framework. Crypto.com registered as an introducing broker with the National Futures Association before the rollout, while OG.com provides the exchange infrastructure, according to the announcement. The contracts are available to eligible customers, with retail access through the App and access for institutional and advanced traders through the Exchange. Perpetual contracts allow positions to remain open without the fixed expiration dates attached to conventional futures, subject to margin requirements. The companies said users can take long or short positions and use isolated margin, along with take-profit and stop-loss orders. Leverage can magnify both gains and losses, and positions may be liquidated if margin requirements are not met. Crypto.com’s U.S. trading guide lists BTC, ETH, SOL, HYPE and ZEC contracts on the Exchange. The guide also says first-time perpetuals traders must...