OG.com files for CFTC approval to offer single-stock perpetual futures
OG.com Markets has filed for CFTC approval to offer cash-settled single-stock perpetual futures. The platform was recently spun out of Crypto.com as an independent company valued at $5 billion. CEO Kris Marszalek leads the company. The filing follows a broader push to convert event contracts into futures and perpetual products. Robinhood previously took an equity interest in OG.com Markets under a multi-year arrangement.
OG.com's entry turns a three-way race into a four-platform scramble for the first approved template. Kalshi, Coinbase, and Kraken parent Payward each hold earlier positions in the queue, and every week of delay lets CME lobby for regulatory freeze.
Robinhood's equity stake in OG.com means it now has partner exposure across multiple pending applications without owning the licenses directly. The first CFTC approval will likely set standard fees, leverage limits, and collateral rules that laggards must adopt. Traders currently using offshore crypto perpetuals face a shrinking unregulated window as regulated alternatives emerge.