Hassan Maishera
TL;DR
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Crypto.com’s Nadex has registered with the SEC to trade security futures products through OG.com.
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The registration took effect immediately after the SEC acknowledged the filing on September 16.
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CEO Kris Marszalek said the authorization will allow the company to introduce single-stock futures in the United States.
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Nadex is also working with the SEC and CFTC to secure approval for single-stock perpetual futures.
Nadex Secures SEC Registration
Crypto.com’s U.S.-regulated derivatives exchange, the North American Derivatives Exchange, has registered with the Securities and Exchange Commission to offer security futures products through OG.com.
The SEC acknowledged Nadex’s notice registration on September 16, two days after the exchange submitted the filing. The registration became effective immediately.
Crypto.com CEO Kris Marszalek said the approval authorizes the company to bring single-stock futures to the U.S. market. These contracts allow traders to speculate on, or hedge against, changes in individual share prices without directly owning the underlying stocks.
Nadex operates under OG.com and is already registered with the Commodity Futures Trading Commission as both a designated contract market and a derivatives clearing organization.
Crypto.com Pursues Single-Stock Perpetuals
The company is separately seeking regulatory authorization to offer single-stock perpetual futures in the United States.
Unlike conventional futures, perpetual contracts do not have a fixed expiration date. The products are widely used in cryptocurrency markets but have yet to become broadly available for U.S. equities under the country’s regulated market structure.
Marszalek said Crypto.com is working with both the SEC and CFTC on the proposed offering. He described the initiative as an attempt to combine innovations developed in digital-asset markets with traditional U.S. capital markets.
The involvement of both agencies reflects the regulatory structure governing security futures, which fall under the joint oversight of the SEC and CFTC.
Coinbase Seeks Similar Approval
Crypto.com is not alone in attempting to introduce cryptocurrency-style equity derivatives to American investors.
Coinbase filed its own notice registration earlier this month as part of its effort to list equity perpetual futures in the United States. Chief Policy Officer Faryar Shirzad said the exchange would also require approval from the CFTC before launching the products.
The parallel filings indicate that major crypto platforms see growing demand for equity-linked derivatives that can potentially trade around the clock.
However, offering perpetual futures tied to individual stocks would require regulators to address issues including investor protection, market surveillance, clearing and coordination with underlying equity markets.
Earlier this month, Robinhood reached an agreement with Crypto.com and OG.com to route selected event contracts through OG.com, beginning with football-related markets.
Robinhood also agreed to acquire equity stakes in Crypto.com and OG.com after the latter was spun off as an independent trading platform.
The partnership, combined with Nadex’s SEC registration, positions OG.com to expand its presence across event contracts and regulated financial derivatives in the United States.
