Short answer: On October 27, 2026, Crypto.com and OG.com launched crypto perpetual futures for eligible US customers. The contracts cover Bitcoin, Ether, Solana, HYPE, Zcash and Sei, with leverage of up to 5x. Retail users trade them in the Crypto.com App, advanced and institutional traders on the Crypto.com Exchange. The products run on OG.com's CFTC-regulated infrastructure, which includes a designated contract market, a derivatives clearing organization and a futures commission merchant, with Crypto.com acting as an introducing broker registered with the NFA.
What are perpetual futures?
A perpetual future, or "perp", is a derivative that tracks the price of an asset but never expires. Instead of settling on a fixed date, it uses a funding rate: when the perp trades above the spot price, traders who are long pay those who are short, and the other way round. This keeps the contract close to the market. Perps are the most traded crypto product worldwide, but for years they were offered almost only by offshore exchanges that do not serve US residents.
That started to change in May 2026, when, as CoinDesk reported, the CFTC approved the first federally regulated Bitcoin perpetual futures, clearing Kalshi and Coinbase Financial Markets to list them. Crypto.com's launch adds a large retail app and more assets to that market.
Key facts
| Item | Detail |
|---|---|
| Launch | October 27, 2026, for eligible US customers |
| Assets | BTC, ETH, SOL, HYPE, ZEC, SEI |
| Leverage | Up to 5x |
| Where | Crypto.com App (retail), Crypto.com Exchange (advanced and institutional) |
| Infrastructure | OG.com: designated contract market, clearing organization, futures commission merchant |
| Crypto.com role | Introducing broker registered with the NFA |
| Background | CFTC cleared the first regulated BTC perps (Kalshi, Coinbase) in May 2026 |
How do regulated perps differ from offshore ones?
The biggest difference is leverage. Offshore venues often offer 50x or 100x; US regulated venues stay far lower. CFTC Chair Mike Selig has said they generally offer around 7x or less, and Crypto.com caps its contracts at 5x. Lower leverage means a position needs a much larger move before it is liquidated. Customer funds at a regulated futures commission merchant are also segregated under CFTC rules, and clearing goes through a regulated clearing house instead of the exchange's own balance sheet.
The rules around leverage are fresh: the CFTC proposed its framework for leveraged retail crypto trading earlier this month, which we covered in CFTC leveraged crypto trading rules.
Before you trade perps: a checklist
- Understand liquidation. At 5x, a move of roughly 20% against you can wipe out the margin. October has already seen several waves of liquidations; see Bitcoin falls below $80,000.
- Watch the funding rate. Holding a crowded position for days can cost more in funding than in fees.
- Remember that perps are not coins. You get price exposure, not BTC or ZEC you can withdraw. If you want the asset itself, swap into it and send it to your wallet; compare offers in Changerella App or the exchangers list.
- Size positions for volatility. HYPE and ZEC move far more than BTC; the same leverage carries more risk.
FAQ
Can Americans trade crypto perpetual futures on Crypto.com?
Yes. Since October 27, 2026, eligible US customers can trade perpetual futures on BTC, ETH, SOL, HYPE, ZEC and SEI through the Crypto.com App and Exchange, cleared via OG.com's CFTC-regulated infrastructure.
What is the maximum leverage on Crypto.com US perps?
Up to 5x. US regulated venues generally offer much lower leverage than offshore exchanges.
How is a perpetual future different from a regular future?
A regular future expires on a set date. A perpetual future never expires and stays close to the spot price through periodic funding payments between long and short traders.
Who else offers regulated crypto perps in the US?
In May 2026 the CFTC cleared Kalshi and Coinbase Financial Markets to list the first federally regulated Bitcoin perpetual futures.