OG.com Markets is pursuing authorization from United States regulators to introduce perpetual futures contracts linked to individual equities, as trading venues work to introduce this widely used derivatives vehicle to the domestic stock market.
Within a Thursday filing submitted to the Commodity Futures Trading Commission (CFTC), OG.com outlined new regulations enabling the platform to offer cash-settled single-stock futures featuring no expiration date alongside a trading schedule of 24 hours a day, five days a week.
OG.com was recently spun out of the cryptocurrency exchange Crypto.com to function as a standalone derivatives and prediction market entity valued at $5 billion. At that time, Chief Executive Officer Kris Marszalek noted that the enterprise intended to scale beyond prediction markets into perpetual contracts and futures.
Shortly following the spin-off, Robinhood acquired an equity position in OG.com as part of a multi-year arrangement to utilize its CFTC-supervised clearinghouse and derivatives exchange for prediction markets.
Unlike conventional futures agreements, perpetual futures—often designated as “perps”—lack any expiration timeline, empowering investors to maintain their market positioning without needing to consistently roll over into fresh contracts. The instrument was initially brought to the crypto sector by BitMEX back in 2016.
Related: President Trump’s media company to terminate Crypto.com deal
Perpetual futures push expands into US stocks
Digital asset exchanges and prediction markets are increasingly aiming to bring one of the cryptocurrency sector’s most favored derivatives tools to American equities, with OG.com now joining an expanding roster of firms pursuing regulatory consent.
On September 18, Coinbase, Kraken’s parent organization Payward through its Bitnomial exchange, and the prediction marketplace Kalshi all submitted applications to provide perpetual futures connected to separate US equities.
These submissions arrived after American regulatory bodies, including the Commodity Futures Trading Commission and the Securities and Exchange Commission (SEC), advanced various cryptocurrency initiatives despite the CLARITY Act failing to advance inside the Senate on September 15.
Source: Paul Atkins
Scarcely days after that legislative vote, the SEC authorized restricted onchain execution for tokenized US stocks utilizing its Innovation Exemption, while the CFTC broadened compliance relief directed at software developers linking participants to authorized derivatives venues, which encompass entities running perpetual agreements.
The CFTC had already initiated the foundational regulatory framework for perpetual contracts months earlier.
Back in May, the commission instituted an evaluation framework on a case-by-case basis regarding perpetual instruments and endorsed Kalshi’s Bitcoin perpetual futures offering, which was subsequently followed in June by provisional relief granting specific authorized exchanges permission to transition current crypto futures into expiration-free contracts.
Magazine: Exchanges reporting crypto gains to IRS becomes tax nightmare
Originally published at https://cointelegraph.com/news/og-com-seeks-cftc-approval-single-stock-perpetual-futures?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound.
