Crypto.com and OG.com Launch Perpetual Futures Trading in the US With Up to 5x Leverage

WHY IT MATTERS

Perpetual futures, often called "perps," are contracts that let traders bet on whether a crypto asset's price will go up or down without actually owning the asset. Think of it like making a side bet on the outcome of a game rather than playing in the game itself. "Leverage" means borrowing to increase the size of your trade — 5x leverage means you can control $500 worth of a position with just $100 of your own money. This amplifies both gains and losses, making it riskier than simply buying and holding crypto. These types of products have mostly been unavailable to US customers through regulated platforms, so this launch represents a shift in what American traders can access. For beginners, it is important to understand that leveraged derivatives are complex financial instruments and carry a high risk of losing money.