OG.com Aims to Revolutionize Trading with Groundbreaking Single-Stock Perpetual Futures—CFTC Review Underway

Ever wondered what it would be like if futures contracts had no expiration date—trading stocks around the clock like a never-ending loop? Well, OG.com Markets is throwing its hat into the ring, aiming to snag US regulatory approval to offer perpetual futures tied to individual stocks. Yep, these cash-settled single-stock futures would trade 24/5 and never call it quits, a game-changer that’s shaking up the US equity markets. Spun off from Crypto.com and backed by Robinhood, OG.com isn’t just dipping toes—they’re diving headfirst into a space pioneered by crypto’s BitMEX back in 2016. It’s fascinating to watch these digital-native derivatives break into traditional equity territory, especially with a wave of filings from heavy hitters like Coinbase and Kraken’s Bitnomial. So, will perpetual futures become the new normal for stock trading, or just another wild ride in market innovation? Curious minds are waiting… LEARN MORE.

OG.com Markets is seeking US regulatory approval to offer perpetual futures tied to individual stocks, as trading platforms push to bring the popular derivatives product to US equity markets.

In a Thursday filing with the Commodity Futures Trading Commission (CFTC), OG.com proposed new rules allowing it to list cash-settled single-stock futures that never expire and can trade 24 hours a day, five days a week.

OG.com was recently spun out of crypto exchange Crypto.com as an independent prediction markets and derivatives platform valued at $5 billion. At the time, CEO Kris Marszalek said the platform planned to expand beyond prediction markets into futures and perpetual contracts.

Shortly after the spin-off, Robinhood took an equity stake in OG.com as part of a multi-year deal to use its CFTC-regulated derivatives exchange and clearinghouse for prediction markets.

Unlike traditional futures contracts, perpetual futures, or “perps,” have no expiration date, allowing traders to maintain exposure without periodically rolling into new contracts. The product was pioneered in crypto by BitMEX in 2016.

Perpetual futures push expands into US stocks

Crypto trading platforms and prediction markets are increasingly looking to bring one of the digital asset market’s most popular derivatives products to US stocks, with OG.com joining a growing group seeking regulatory approval.

On Sept. 18, Coinbase, Kraken parent Payward through its Bitnomial exchange, and prediction market Kalshi all filed to offer perpetual futures tied to individual US stocks.

The filings came after US regulators, including the Securities and Exchange Commission (SEC) and CFTC, pushed ahead with crypto initiatives despite the CLARITY Act failing to advance in the Senate on Sept. 15.

Source: Paul Atkins

Just days after the vote, the SEC cleared limited onchain trading of tokenized US stocks under its Innovation Exemption, while the CFTC expanded regulatory relief for software providers connecting users to regulated derivatives platforms, including those offering perpetual contracts.

The CFTC had already begun laying the regulatory groundwork for perpetual futures months earlier.

In May, the agency established a case-by-case review process for perpetual contracts and approved Kalshi’s Bitcoin perpetual futures product, followed in June by temporary relief allowing certain registered exchanges to convert existing crypto futures into contracts without expiration dates.

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