Crypto.com's U.S.-regulated derivatives exchange, Nadex, has registered with the Securities and Exchange Commission to trade security futures products. The registration became effective in mid-September, giving the group a regulatory route toward U.S. single-stock futures while it separately works with the SEC and Commodity Futures Trading Commission on perpetual stock futures.
The next target is single-stock perpetual futures
CEO Kris Marszalek said the company is working with both regulators on U.S. single-stock perpetuals, contracts that resemble the perpetual futures widely used in crypto markets but reference individual equities. Approval is not yet in hand, so the perpetual-futures plan should be treated as a regulatory workstream rather than an already launched product.
The significance goes beyond Crypto.com itself. Crypto-native trading venues have spent years refining continuous, leveraged derivatives markets, while U.S. securities regulation historically separates equity and futures infrastructure more tightly. A compliant route for security futures and potentially perpetual equity contracts would bring parts of those two market structures closer together.
The Block reported that Coinbase has also filed registration as it pursues equity perpetual futures in the United States. Nadex is already registered with the CFTC as a designated contract market and derivatives clearing organization, giving Crypto.com an established regulated derivatives platform from which to expand if additional approvals are secured.
The decisive checkpoints are the first single-stock futures listings, any SEC and CFTC approval for perpetual products, contract specifications, trading hours, margin rules and liquidity. If several crypto-linked venues gain permission to offer equity derivatives, competition could expand rapidly around extended-hours stock exposure and cross-asset trading.
Affected markets: U.S. Equities · Crypto · Derivatives