Crypto.com Launches US Crypto Perpetual Futures With Up to 5x Leverage

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Global cryptocurrency exchange Crypto.com has launched a crypto perpetual futures trading service in the US with leverage of up to 5x.

The Block reported on October 28 that Crypto.com has begun offering the service to eligible investors in the US through derivatives partner OG.com.

The product is designed to let users bet on both rising and falling cryptocurrency prices without an expiration date. It offers leverage of up to 5x, along with take-profit and stop-loss orders and isolated margin. The company did not disclose detailed eligibility requirements.

To launch the service, Crypto.com recently registered with the National Futures Association as a futures commission merchant. Trading and clearing will run through the exchange and clearing infrastructure of OG.com, which is regulated by the Commodity Futures Trading Commission.