Crypto.com and OG.com Launch US Crypto Perpetual Contracts with 5x Leverage

Crypto.com and OG.com have launched perpetual futures contracts for U.S. traders, offering leverage of up to 5x on a range of digital assets.
The new contracts have no expiration date, allowing traders to maintain long or short positions indefinitely based on their market outlook. The product launch marks a significant expansion of leveraged trading options available to retail investors in the United States, where regulatory clarity on such derivatives has been evolving.
By offering perpetual contracts, the platforms aim to provide a more flexible alternative to traditional quarterly futures, which have set settlement dates. The 5x leverage cap is a common threshold for U.S.-facing retail platforms, balancing potential returns with risk management.
The move by Crypto.com, a major global exchange, and its partner OG.com into this segment reflects ongoing competition to capture market share in the lucrative derivatives space, even within the constraints of the U.S. regulatory environment.
Original reporting: The Block