Crypto.com Files With CFTC to Offer US Equity Perpetual Futures

WHY IT MATTERS

Think of perpetual futures like a bet on the price of something — such as a stock — without actually owning it, and unlike a regular futures contract, it never expires. Crypto.com is asking U.S. regulators for permission to let its users trade these contracts on U.S. stocks. The CFTC is the government agency that oversees derivatives markets in the United States, similar to how a referee oversees the rules of a game. If approved, it could mean crypto platforms start offering products that look more like what traditional brokerages offer. CRO is the token tied to the Crypto.com platform, and its price moved up after the announcement, which sometimes happens when a company is seen as expanding its business.