Cronos token CRO rose about 6% on Friday after Crypto.com chief executive Kris Marszalek said the company had filed with the US Commodity Futures Trading Commission to list equity perpetuals in the United States.
The filing follows an acknowledgment from the Securities and Exchange Commission last week tied to Nadex, the group’s US derivatives venue. Together, the steps mark Crypto.com’s latest push to bring crypto-linked market structure and traditional US equity exposure closer together, while still leaving further regulatory approvals to be decided.
What Crypto.com is trying to launch
The product at the center of the filing is the equity perpetual, a futures contract linked to a stock that does not have an expiry date. In the US, these contracts sit across more than one regulatory framework, meaning they need sign-off from both securities and derivatives regulators.
According to the source report, Nadex, operated by Crypto.com Derivatives North America, is seeking to offer no-expiry stock futures tied to a first group of ten names. Those include Apple, AMD, Amazon, Alphabet, Meta, Microsoft, Micron, Nvidia, Tesla, and SpaceX.
Timeline of the filings
Nadex filed a Form 1-N on September 14, and the SEC acknowledged that filing on September 16. The acknowledgment registered Nadex as a securities exchange for trading security futures, according to the report.
Marszalek said on Thursday that Crypto.com had also filed with the CFTC. That second step matters because perpetual versions of single-stock futures require additional review under a policy dated May 29, with the CFTC handling applications individually rather than through a blanket approval process.
Regulatory path still depends on case-by-case review
The latest filing does not mean the products are cleared for launch. The report said CFTC approval is still required on a case-by-case basis for single-stock perpetuals, even after the SEC’s acknowledgment of the Form 1-N.
Crypto.com is not alone in testing this area. Coinbase and Kalshi have also sought CFTC approval for single-stock perpetual products, showing that competition is building around a category that blends features of futures markets with equity exposure.
Market reaction and recent CRO performance
The announcement helped lift CRO by roughly 6% on Friday. The token was also described as being up about 9% over the past week and 13% over the month.
Even with that recent recovery, CRO remains far below its prior cycle high. The source article said the token is still around 93% under its November 2021 peak.
Recent backdrop for Crypto.com
The filing arrives during a month of several notable developments for the company. The source article said CRO had fallen below $0.05 on August 7 before later strengthening, and linked some of that momentum to Robinhood’s stake in Crypto.com and OG.com.
Those transactions were said to value Crypto.com at $20 billion and OG.com at $5 billion. For now, the next confirmed step in the equity perpetual effort is the CFTC’s review process, which the regulator is applying one application at a time.
Source: cryptopotato.com