OG.com Markets has officially submitted an application to the US Commodity Futures Trading Commission (CFTC) to offer single-stock perpetual futures. The independent prediction and derivatives market platform operates at a $5 billion valuation following its spin-off from Crypto.com. The new regulatory filing outlines a framework that brings core elements of the crypto ecosystem into conventional stock trading.
How Crypto Is Reshaping How Stocks Are Traded
The submitted proposal details a framework for cash-settled single-stock futures contracts. Unlike traditional futures tied to fixed settlement deadlines, OG.com’s proposed instrument is specifically designed without an expiration date. This setup enables market participants to trade the product 24 hours a day, five business days a week.
The concept of perpetual futures originated and grew entirely within the digital asset industry. Crypto exchange BitMEX first pioneered these non-expiring contracts in 2016. Over the past eight years, the perpetual futures model has dominated capital turnover in the crypto market and is now being adapted for traditional US equity market structures.
Robinhood Backing and a Growing Queue of Filings
Long before filing with the CFTC, brokerage app Robinhood had already secured a stake in OG.com through an equity holding. The equity purchase binds both entities in a multi-year deal aimed at enabling Robinhood to directly leverage OG.com’s CFTC-regulated derivatives exchange and clearinghouse infrastructure.
The queue of applicants seeking regulatory clearance for stock perpetuals continues to grow. OG.com’s move follows a wave of similar filings submitted concurrently on September 18. Crypto exchange Coinbase, prediction platform Kalshi, and Kraken parent company Payward via its Bitnomial subsidiary have all joined the race to secure regulatory approval from US derivatives regulators.
The influx of platforms seeking CFTC approval underscores a broader shift in financial instrument innovation. Derivative trading instruments that propelled crypto exchanges to prominence are now poised to reshape how mainstream stock markets operate moving forward.
Source: Cointelegraph.
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Disclaimer: This article is for informational and educational purposes only, not financial advice. Cryptocurrency assets are highly volatile and carry significant risk. Always do your own research (DYOR) and never invest more than you can afford to lose.
