Crypto.com Plans Stock Perpetual Futures in the US: What We Know

Crypto.com is moving towards offering single-stock futures in the US, while also working on a separate plan for single-stock perpetual futures. 

The latest development came from its affiliated North American Derivatives Exchange (Nadex), which filed a Form 1-N registration with the US Securities and Exchange Commission (SEC) on 14 September 2026.

The registration became effective upon submission, creating a regulatory pathway for security futures products. 

However, this does not mean Crypto.com stock perps are already available in the US, as the company is still working with US regulators on the perpetual-futures product.

Key Takeaways

• Nadex filed a Form 1-N registration with the SEC on 14 September 2026 for its US securities-market activities.
• Crypto.com is separately working with the SEC and CFTC to offer single-stock perpetual futures in the US.
• The launch date, eligible stocks, leverage, margin requirements and final specifications for US stock perps have not been confirmed.

What Happened With Crypto.com Stock Futures?

The latest Crypto.com stock futures development centres on Nadex, its US-regulated derivatives business. 

Nadex submitted a Form 1-N registration to the SEC on 14 September 2026, and the SEC acknowledged receipt of the filing on 16 September.

The filing is an important regulatory step because it establishes Nadex's registration framework for activities involving security futures. 

However, it should not be interpreted as a blanket approval for every stock futures product Crypto.com may want to offer.

Crypto.com CEO Kris Marszalek has said the company is authorised to bring single-stock futures to the US market through its regulated infrastructure. 

He also stated that Crypto.com is working with the SEC and Commodity Futures Trading Commission (CFTC) to offer single-stock perpetual futures.

This creates an important distinction between the two products. Single-stock futures have reached a regulatory registration milestone, while the proposed stock perpetual futures remain under development.

What Are Crypto.com Stock Perpetual Futures?

Crypto.com stock perpetual futures, or stock perps, would be derivatives designed to track the value of individual stocks without a conventional expiry date.

A perpetual futures contract does not give the trader ownership of the underlying stock. Instead, it provides exposure to price movements through a derivatives position.

Perpetual contracts generally use funding mechanisms to help keep the contract price aligned with its underlying reference price. 

The cost of holding a position can therefore change over time depending on the funding rate and market conditions.

Leverage can also be part of the structure. This means a relatively small movement in the underlying stock can produce a larger percentage gain or loss on the trader's margin.

Crypto.com's existing perpetual-futures products already include contracts linked to traditional assets in eligible markets. However, the proposed US stock perps would need to meet the requirements applicable to the US market.

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Stock Futures vs Stock Perpetual Futures

Although both products provide derivatives exposure to stocks, their structures are different.

The exact specifications for Crypto.com's proposed US stock perps have not yet been announced.

What Does the Nadex Filing Mean?

The Nadex filing provides an important regulatory development for Crypto.com's US derivatives strategy.

Nadex is already regulated within the US derivatives framework. Its latest SEC registration adds the securities-market registration required for its planned security futures activities.

The registration became effective when the notice was submitted. The SEC subsequently acknowledged receipt of the filing.

This means the development is more specific than a general announcement that Crypto.com wants to enter the US stock market. 

At the same time, it does not establish that every planned stock derivative is immediately available to US traders.

The proposed perpetual contracts remain a separate regulatory matter.

Why Is Crypto.com Pursuing US Stock Perps?

Crypto.com's stock-perpetual strategy forms part of its broader expansion into traditional-asset derivatives.

The company has already introduced perpetual contracts linked to traditional assets, including commodities and US market indices, in eligible markets. Its existing perpetual-futures offering also includes products referencing equities and equity-related assets in certain jurisdictions.

Bringing stock perps to the US would extend that product strategy into one of the world's largest capital markets.

For traders, the main attraction of a stock perpetual structure is the ability to take long or short exposure without directly holding the underlying shares. 

The lack of a traditional expiry can also allow positions to remain open without being rolled between conventional futures contracts.

However, the final US product design will depend on regulatory requirements and the specifications Crypto.com ultimately announces.

Read Also: TEM Perpetual Futures: How to Trade With 20x Leverage

What Still Needs to Happen Before US Stock Perps Launch?

The proposed US stock perpetual futures have not reached the same regulatory stage as the Nadex registration.

Crypto.com has said it is working with both the SEC and CFTC on single-stock perpetual futures. 

This is significant because the proposed contracts involve characteristics associated with both securities and derivatives markets.

Several key details also remain unresolved.

These include:

• The official launch date
• Which stocks will be supported
• Contract sizes
• Maximum leverage
• Initial and maintenance margin requirements
• Funding-rate methodology
• Trading hours
• Eligibility requirements for US users
• Final regulatory structure

Until these details are confirmed, claims about specific stocks, leverage levels or launch dates should be treated as speculation rather than established product information.

How Would Crypto.com Stock Perps Work?

If launched, Crypto.com stock perps would allow traders to take positions based on the price movement of an individual stock.

A long position would generally be used when a trader expects the reference price to rise, while a short position would provide exposure to a decline. Neither position would represent direct ownership of the underlying company.

Unlike traditional futures, perpetual contracts do not have a predetermined expiry date. A position can potentially remain open as long as the trader continues to meet the applicable margin requirements.

Funding would also be an important part of the structure. Depending on market conditions, traders may pay or receive funding when maintaining a perpetual position.

Leverage creates another major consideration. While it can increase exposure with less initial capital, it also magnifies losses and can increase the risk of liquidation if the market moves sharply against a position.

Are Crypto.com Stock Perps Available in the US?

No. Crypto.com stock perpetual futures have not been confirmed as live for US traders.

The latest development concerns Nadex's SEC registration and the company's plans for single-stock futures. 

Crypto.com has separately confirmed that it is working with the SEC and CFTC on single-stock perpetual futures.

This distinction is important because Crypto.com already offers perpetual contracts linked to traditional assets in certain eligible markets, while its US availability is subject to different regulatory requirements.

The existence of similar products elsewhere does not mean the proposed US stock perps are already available.

What Stocks Could Be Available?

Crypto.com has not confirmed the final list of stocks that would be included in a US stock-perpetual futures launch.

The company already has experience offering perpetual contracts linked to equity-related assets in eligible jurisdictions. 

However, the products available in those markets do not establish the exact securities that would qualify for a future US launch.

The final selection could depend on regulatory requirements, liquidity, market structure and Crypto.com's eventual contract specifications.

Until an official product list is published, specific claims about which US stocks will be offered remain unconfirmed.

What Does This Mean for US Traders?

If the proposed product launches, US traders could gain access to a derivatives-based way of taking long or short exposure to individual stocks.

The structure could be particularly relevant for traders interested in perpetual contracts because positions would not have a traditional expiry date. 

It could also provide a way to trade stock price movements without directly purchasing the underlying shares.

However, stock perps would still involve derivatives-related risks. Leverage, funding costs, margin requirements, volatility and liquidation can all affect the outcome of a position.

The regulatory status also remains important. The Nadex registration is a significant step for Crypto.com's US stock-futures plans, but it should not be treated as confirmation that stock perpetual futures have already launched.

Read Also: What Are Tokenized Equities? How They Work & Examples

Crypto.com Stock Futures: What We Know So Far

The key takeaway is that the Nadex registration and the proposed US stock-perpetual launch are separate developments.

Crypto.com has moved forward with the regulatory framework for single-stock futures, while its proposed stock perps remain subject to further regulatory work and product announcements.

What Comes Next for Crypto.com Stock Perps?

Crypto.com's latest Nadex registration marks a significant step towards offering stock-related derivatives in the US. 

The company can now move forward with its plans for single-stock futures within the relevant regulatory framework.

The proposed stock perpetual futures are at an earlier stage. Crypto.com says it is working with the SEC and CFTC, but important details such as the launch date, supported stocks, leverage and contract specifications remain unknown.

For now, the clearest distinction is that Crypto.com stock futures have reached a regulatory milestone, while Crypto.com stock perps remain under development in the US.

FAQ

What are Crypto.com stock futures?

Crypto.com stock futures are derivatives designed to provide exposure to individual stock prices without requiring direct ownership of the underlying shares. Nadex's recent SEC registration supports the company's plans for security futures in the US.

Are Crypto.com stock perps available in the US?

No. Crypto.com stock perps have not been confirmed as launched in the US. The company is working with the SEC and CFTC on the proposed single-stock perpetual-futures product.

What is Crypto.com Nadex?

Nadex, or North American Derivatives Exchange, is a US-regulated derivatives business associated with Crypto.com. It operates within the US derivatives regulatory framework and has now registered with the SEC for its securities-market activities.

When will Crypto.com stock perps launch?

Crypto.com has not announced a confirmed launch date for US stock perpetual futures. The company is still working with US regulators on the proposed product.

Are stock perpetual futures risky?

Yes. Perpetual futures can involve leverage, funding costs, margin requirements and liquidation risk. These factors can magnify both potential gains and losses when the underlying stock moves sharply.

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