CRO Climbs 6% as Crypto.com Seeks CFTC Approval for Equity Perpetuals

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

In a tweet, Marszalek wrote: '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.'

Equity perpetuals are futures contracts on stocks with no expiry date, and they require approval from both the CFTC and the SEC to be listed in the US.

Crypto.com's filing comes after the company announced a Form 1-N acknowledgement by the SEC last week, which registers Nadex as a securities exchange for trading security futures.