Crypto.com perpetual futures are now open to eligible traders in the United States. On October 27, 2026, OG.com and Crypto.com said retail users of the Crypto.com App and advanced or institutional users of the Crypto.com Exchange can trade crypto perpetual contracts with up to 5x leverage. Crypto.com says it recently registered with the National Futures Association as an introducing broker so it can offer them. Crypto.com’s announcement

A perpetual future, or perp, is a derivative that tracks a coin’s price and has no expiry date. You never own the coin. You can bet on the price going up (long) or down (short), and you can keep the position open as long as you meet the margin requirements.

What launched

According to Crypto.com’s product page, the first contracts cover crypto assets such as BTC, ETH, SOL, HYPE, ZEC and SEI. Perpetuals on stocks, pre-IPO companies and commodities are described as coming soon, so they are a plan, not a product.

The tools listed for the launch:

  • leverage up to 5x, which Crypto.com illustrates as $200 of margin opening a $1,000 position;
  • take-profit and stop-loss orders set when you enter a trade;
  • isolated margin, so each position has its own margin and a loss on one does not draw on the others;
  • funding by credit card, debit card, ACH, wire or a Crypto.com USD Account.

Crypto.com is also offering a full trading-fee rebate to eligible users from October 27 to November 26, 2026. The announcement does not list the fee schedule that applies after that, and it does not spell out who counts as eligible. It points readers to Crypto.com/US for market availability, supported tokens and trading parameters.

Who holds the money

The legal structure is the part worth reading twice. The contracts are listed on Crypto.com | Derivatives North America (CDNA), which the company describes as a CFTC-registered exchange and clearinghouse. Foris DAX Inc., the Crypto.com entity registered with the NFA, acts as an introducing broker: it brings customers to Foris DAX FCM, LLC, a CFTC-registered futures commission merchant. Crypto.com says the perp accounts are carried at that FCM and that it does not hold customer funds or margin itself.

With a perp there are no coins to withdraw and no keys to hold, unlike the setup in our guide to what a crypto wallet actually stores.

The risks Crypto.com spells out

The product page carries its own warning. Leverage means you can lose more than your initial margin deposit. Because positions never expire, Crypto.com says holding one can bring ongoing funding-rate charges and amplified losses. The announcement does not publish funding rates, liquidation rules or the full contract list on the same page, so check them in the app before you trade.

Regulated status does not make a leveraged bet safer. It tells you who supervises the exchange and the broker. When Switzerland approved its first retail bitcoin ETF, the regulator made the same point about bitcoin itself.