Crypto.com Clears Hurdle to Launch Single-Stock Futures in the US

Crypto.com is moving closer to launching single-stock futures in the United States after the SEC acknowledged its Form 1-N filing from North American Derivatives Exchange (Nadex).

Crypto.com CEO Kris Marszalek revealed that the company is now 'authorized' to bring single-stock futures to the market through OG.com, its CFTC-regulated standalone prediction market platform launched in February.

The SEC document, dated September 16, confirms the filing was made under Section 6(g) of the Securities Exchange Act of 1934. Marszalek also stated that the team is working with the SEC and CFTC for the offering in the US.

Single-stock futures are contracts linked to the future price of individual stocks, allowing traders to take positions on stocks through futures contracts rather than buying the underlying shares directly.