Crypto.com Clears SEC Hurdle for Single-Stock Futures in the US
Crypto.com has received approval from the US Securities and Exchange Commission (SEC) to offer single-stock futures in the country, according to CEO Kris Marszalek. The company is planning to launch these products through its CFTC-regulated standalone prediction market platform OG.com.
The SEC document confirms that Crypto.com filed a Form 1-N on September 16 under Section 6(g) of the Securities Exchange Act of 1934. This move comes as other platforms, including Kalshi and Coinbase, are also seeking regulatory approval for similar products in the US market.
Crypto.com is targeting major stocks with market values of at least $100 billion, allowing traders to take positions on individual companies through futures contracts rather than buying shares directly.