Crypto.com Registers US Exchange for Single-Stock Futures, Eyes Perpetuals
Single-stock futures allow investors to gain leveraged exposure to an individual company without owning its shares, while perpetual futures — widely used in crypto markets — have no fixed expiry. Crypto.com’s North American Derivatives Exchange, or Nadex, operates under the OG.com brand and is already registered with the Commodity Futures Trading Commission as a designated contract market and derivatives clearing organization. Its push into equity derivatives is a closely watched test of how crypto-style products can be integrated with regulated US capital markets.
Nadex submitted Form 1-N to the Securities and Exchange Commission on Sept. 14, 2026, with its registration taking effect that day under the notice-based process. The SEC acknowledged the filing on Sept. 16. Crypto.com Chief Executive Kris Marszalek said on Sept. 17 that the company was also working with the SEC and CFTC to offer single-stock perpetual futures in the United States. The filing covers security futures but does not itself approve perpetual contracts; no launch date, underlying stocks, contract values or leverage limits have been disclosed.
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The history behind this eventCoinbase Seeks SEC Approval for 24/7 Equity Perpetuals
Perpetual futures have no expiry date and typically use recurring funding payments to keep prices aligned with an underlying asset. The structure is a cornerstone of crypto derivatives trading but remains uncommon for US-listed equities, whose cash markets operate during set sessions. Coinbase’s proposed expansion into single-stock perpetuals would combine continuous trading with equity exposure, potentially testing how traditional securities rules apply to a product popularized by digital-asset markets.
Coinbase has submitted a registration request to the US Securities and Exchange Commission seeking clearance to list single-stock perpetual contracts for trading 24 hours a day, seven days a week. The plan remains subject to SEC approval, and the exchange has not provided a launch date in the reported disclosures. A green light would mark a significant step in Coinbase’s effort to extend perpetual derivatives beyond cryptocurrencies and into the regulated US equity market.
Kraken Plans CFTC-Regulated Bitcoin Perpetual Contracts in US
Perpetual futures have no expiry date and use funding rates to keep contract prices close to spot prices. They are a mainstay of the global crypto derivatives market, which recorded more than $60 trillion in trading volume in 2025. Kraken parent Payward announced on April 17, 2026, that it would acquire Bitnomial for up to $550 million, gaining its CFTC-licensed exchange, clearinghouse and futures commission merchant to establish a regulated foundation for bringing the products back to the United States.
Kraken initially said in late May 2026 that it would launch the contracts within 30 days. On June 15, it formally made them available to eligible U.S. clients through Kraken Pro, with the contracts listed on Bitnomial. The initial offering covers nine assets: BTC, ETH, SOL, XRP, ADA, LINK, DOGE, LTC and AVAX. Trading is integrated with spot, margin and CME futures in a single interface.
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