Crypto.com Spinoff OG.com Files With CFTC for Never-Expiring US Stock Futures
- —OG.com was spun out of Crypto.com at a $5 billion valuation, with Robinhood taking an equity stake
- —The proposed contracts are cash-settled, never expire and trade 24 hours a day, five days a week
- —Coinbase, Payward and Kalshi filed matching single-stock applications on September 18
- —None of the pending single-stock perpetual applications has been cleared by the CFTC
Why it matters: Approval would give US traders access to perpetual stock futures, intensifying competition between crypto and traditional exchanges.
Source: Coinpaprika News