CRO Climbs 6% as Crypto.com Files With CFTC for US Equity Perps

Crypto.com is joining a growing push to bring single-stock perpetuals into the U.S. market. Coinbase and Kalshi are pursuing similar products.

The price of Cronos (CRO) rose about 6% this Friday after Crypto.com’s CEO Kris Marszalek announced the company has filed with the CFTC to list equity perpetuals in the United States.

“Next step unlocked: We’ve officially filed with the CFTC for equity perps in the US, following our Form 1-N acknowledgement by the SEC last week. Bridging digital asset innovation with US capital markets is happening in real time. Brick by brick,” Marszalek wrote on X.

Two Regulators, Two Filings

An equity perpetual is a futures contract on a stock with no expiry date. In the US, such a contract sits with both market regulators, so Crypto.com needs the SEC and the CFTC.

Nadex, the Chicago exchange Crypto.com runs as Crypto.com Derivatives North America, and OG.com filed a Form 1-N on September 14. The SEC acknowledged it on September 16. That notice registers Nadex as a securities exchange for the sole purpose of trading security futures, effective the day it was filed.

The form lists ten stocks Nadex plans to start with, such as Apple, AMD, Amazon, Alphabet, Meta, Microsoft, Micron, Nvidia, Tesla and SpaceX. Those ten are ordinary cash-settled futures with an expiry date.