OG.com, a new company from Crypto.com, is asking the CFTC to let it offer single-stock perpetual futures in the US. This move follows other major crypto firms also seeking to provide similar trading products to investors.
OG.com, a company recently created from Crypto.com, is seeking permission from the Commodity Futures Trading Commission (CFTC). They want to offer single-stock perpetual futures to individual investors in the United States. Perpetual futures are a type of derivative contract that allows traders to bet on the future price of an asset without an expiry date. This request aligns with similar efforts from other major cryptocurrency firms like Coinbase, Kalshi, and Kraken's parent company, Payward. These companies are also trying to get regulatory approval to bring similar trading products to the US market. The aim is to expand the range of financial products available to everyday traders.
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