Crypto.com Launches Perpetual Futures for US Customers With Up to 5x Leverage

Crypto.com has launched crypto perpetual futures for US customers on Crypto.com | Derivatives North America (CDNA). The contracts trade around the clock and offer leverage of up to 5x.

Contracts and trading terms

The initial lineup covers BTC, ETH, SOL, HYPE and ZEC. Each contract uses isolated margin, which separates the margin assigned to one position from other positions. First-time perpetual futures traders must complete a risk profile survey.

Crypto.com is waiving maker, taker, exchange pass-through and liquidation fees until November 26. The available report does not specify the terms that will apply after the waiver ends.

How customer accounts are arranged

Foris DAX Inc., which trades as Crypto.com, introduces customers to Foris DAX FCM, LLC. The FCM carries customer accounts and holds their funds and margin. The contracts are listed on CDNA, described in the opened report as a CFTC-regulated exchange.

The launch adds a US futures product to Crypto.com's offerings. In a separate development, Crypto.com and 21Shares US outlined plans for investment products linked to Cronos (CRO); that earlier plan is distinct from the perpetual futures launch.