The price of Cronos (CRO) rose about 6% this Friday after Crypto.com\u2019s CEO Kris Marszalek announced the company has filed with the CFTC to list equity perpetuals in the United States.<\/p>\n
\u201cNext step unlocked: We\u2019ve 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,\u201d Marszalek wrote on X.<\/p>\n
An equity perpetual is a futures contract on a stock with no expiry date. In the US, such a contract sits with both market regulators, so Crypto.com needs the SEC and the CFTC.<\/p>\n
Nadex, the Chicago exchange Crypto.com runs as Crypto.com Derivatives North America, and OG.com filed a Form 1-N on September 14. The SEC acknowledged it on September 16. That notice registers Nadex as a securities exchange for the sole purpose of trading security futures, effective the day it was filed.<\/p>\n
The form lists ten stocks Nadex plans to start with, such as Apple, AMD, Amazon, Alphabet, Meta, Microsoft, Micron, Nvidia, Tesla and SpaceX. Those ten are ordinary cash-settled futures with an expiry date.<\/p>\n
Perpetual versions of those futures need the CFTC as well, under a policy the agency set on May 29. It says perpetuals on equities should go through the CFTC\u2019s case-by-case approval process.<\/p>\n
Similarly, Coinbase filed<\/a> its own Form 1-N for single-stock perpetuals on September 1, then Kalshi followed suit seeking CFTC approval.<\/p>\n CRO has had a run of Crypto.com news since it fell below $0.05 on August 7 (its lowest since October 2023) when Trump Media recently cancelled<\/a> two deals with the exchange.<\/p>\n The token climbed<\/a> from $0.057 to $0.063 on September 8, when Robinhood took stakes in Crypto.com and OG.com. Those deals valued Crypto.com at $20 billion and OG.com at $5 billion. Then came the SEC acknowledgment last week and Thursday\u2019s CFTC filing.<\/p>\n CRO is up 9% over seven days and 13% monthly, per CoinGecko. It still sits about 93% below its November 2021 record.<\/p>\n The post CRO Climbs 6% as Crypto.com Files With CFTC for US Equity Perps<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" The price of Cronos (CRO) rose about 6% this Friday after Crypto.com\u2019s CEO Kris Marszalek announced the company has filed with the CFTC to list equity perpetuals in the United States. \u201cNext step unlocked: We\u2019ve officially filed with the CFTC for equity perps in the US, following our Form 1-N acknowledgement by the SEC last […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-232364","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/232364"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=232364"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/232364\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=232364"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=232364"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=232364"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Third Crypto.com Catalyst This Month<\/h2>\n