OG.com and Crypto.com announced the launch of crypto perpetual contracts for traders in the United States, offering up to 5x leverage. The contracts will be accessible through the app and exchange.
The new derivatives allow users to open positions on the prices of different cryptocurrencies without an expiration date. Users will be able to trade 24/7, take long or short positions, and use these instruments to hedge risks or capitalize on market fluctuations.
The product will be available through OG.com’s distribution partners, including retail users of the Crypto.com App and institutional and advanced traders on the Crypto.com Exchange.
Crypto.com recently registered as an Introducing Broker with the National Futures Association (NFA) to offer these services. Trading will take place through OG.com’s infrastructure, regulated by the U.S. Commodity Futures Trading Commission (CFTC).
The contracts include risk management tools such as Take-Profit and Stop-Loss orders, along with an isolated margin system that allows traders to limit the collateral allocated to each position.
Kris Marszalek, founder and CEO of OG.com and Crypto.com, explained that the new instruments will allow users to hedge their portfolios and trade market fluctuations without leaving the platform.
The rollout will begin with interfaces tailored to retail investors and professional traders. The exchange will also allow users to manage spot cryptocurrencies, derivatives, prediction markets, and rewards within its ecosystem.
Source: Crypto.com
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