Crypto.com and OG.com launch crypto perpetual contracts with up to 5 x leverage for eligible U.S. traders
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AT A GLANCE
Crypto.com and OG.com have begun offering eligible U.S. traders crypto perpetual contracts with up to 5 x leverage.
Article
Crypto.com launches crypto perpetual contracts for U.S. users, with up to 5 x leverage
PANews October 28 reported, citing The Block, that Crypto.com and its derivatives partner OG.com have begun offering cryptocurrency perpetual contracts to eligible U.S. traders, supporting up to 5 x leverage, as well as take-profit and stop-loss orders and isolated margin. The products operate through OG.com’s exchange, clearinghouse, and futures commission merchant regulated by the U.S. Commodity Futures Trading Commission (CFTC). Crypto.com is registered as an introducing broker with the U.S. National Futures Association (NFA). This year,May CFTC opened crypto perpetual contracts to the U.S. market, and Kraken launched perpetual contract products in the U.S. on June🔗https://www.panewslab.com/zh/articles/01a17e63-d21c-726b-9191-db0f512a5e20
Key points
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According to The Block, Crypto.com and its derivatives partner OG.com have begun offering cryptocurrency perpetual contracts to eligible U.S. traders.
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The contracts support up to 5 x leverage and offer take-profit and stop-loss orders and isolated margin.
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The products operate through OG.com’s exchange, clearinghouse, and futures commission merchant regulated by the U.S. Commodity Futures Trading Commission.
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Crypto.com is registered as an introducing broker with the U.S. National Futures Association.
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The article states that this year,May the U.S. Commodity Futures Trading Commission opened crypto perpetual contracts to the U.S. market, and Kraken June launched perpetual contract products in the U.S.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
A perpetual contract is a type of derivative with no fixed expiration date. Up to 5 x leverage means traders can establish larger positions with less margin; isolated margin limits the margin to a single position. The products described in the report are available only to eligible U.S. traders.
Why it matters to readers
This adds another crypto perpetual contract channel for eligible U.S. traders and indicates that the relevant products are entering the U.S. market through regulated operating entities.
Beginners should first understand that leverage amplifies both gains and losses, and that take-profit and stop-loss orders cannot eliminate market volatility risk; the report does not specify the eligibility requirements or supported crypto assets.
Risks and unknowns
The original text does not disclose the specific eligibility criteria.
The original text does not specify which crypto assets are supported, fees, liquidity, or actual trading volume.
This news was relayed by PANews from a report by The Block; the evidence does not provide an original announcement or document from Crypto.com,OG.com、CFTC or NFA.
Leverage trading may amplify losses, but the original text does not provide the product’s specific risk parameters.
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Related concepts
Perpetual Contract
A derivative contract with no expiration date, designed for continuous holding, whose funding rate mechanism helps keep its price close to that of the underlying asset.
