Crypto.com Launches Perpetual Contracts With Up to 5x Leverage and 24/7 Trading
Key Facts
Crypto.com announced the launch of perpetual cryptocurrency futures contracts with up to 5x leverage and trading available 24 hours a day, seven days a week, according to a company statement. The contracts are available to eligible users of its app in the United States and are offered by Crypto.com | Derivatives North America, known as CDNA and regulated by the U.S. Commodity Futures Trading Commission. The product allows users to open long or short positions in digital assets, the company said. It described the launch as: "Seize market opportunities around the clock with up to 5x leverage." The announcement presents the product as regulated trading for eligible users, while making no mention of availability to institutions.
The contracts available at launch include Bitcoin, Ethereum, Solana, HYPE, ZEC and SEI, according to Crypto.com’s list. The company said perpetual contracts linked to stocks, commodities and pre-IPO assets would follow, without specifying a timeline. That means the product’s initial scope is limited to the listed crypto assets, while the other categories represent future plans. The announcement provides no estimate of the launch’s effect on market liquidity. It also does not link the launch of the contracts to the availability of institutional trading through the app.
Leverage is highlighted in the example the company provided to explain how a position works: $200 in margin allows a user to open a $1,000 position using 5x leverage. The exposure therefore exceeds the margin posted, magnifying the effect of price moves on the trader’s balance. Crypto.com warned that leverage could result in losses exceeding the initial margin deposit. It also said ongoing funding payments could increase losses. The company said positions are isolated-margin, and users can set take-profit and stop-loss levels when entering a trade.
The contracts have no expiration date, and a position can remain open until the trader closes it or it is closed because the margin is depleted, according to the company’s help center. Periodic funding payments are charged separately from trading fees, so the absence of an expiration date does not mean holding a position is free of ongoing costs. Crypto.com says customer funds and margin are held by Foris DAX FCM, which handles clearing as a futures commission merchant and guarantor for the company. It added that Crypto.com, as an introducing broker, does not hold customer funds or margin. The arrangement, as described by the company, separates access to the product through the app from custody of funds by the clearing firm.
The company said eligible users would be exempt from trading fees on all available perpetual contracts from October 27 to November 26, 2026. Regular funding payments continue during the fee-waiver period, according to the offer’s FAQs, so the discount does not cover all costs of holding positions. After that period ends, another offer for new perpetual-contract traders begins on November 27. It includes a $50 fee-rebate voucher valid for 7 days from the time the account is set up. The voucher does not cover funding payments or liquidation fees, the company said.
The announcement comes amid a series of U.S. regulatory developments concerning perpetual contracts. On May 29, 2026, the Commodity Futures Trading Commission said a case-by-case review was appropriate for listing perpetual contracts linked to asset classes not covered by the approval order issued that same day. The commission approved Kalshi’s perpetual contract linked to the spot price of Bitcoin that day, after the company submitted its application on May 28. The commission also said some perpetual contracts could fall under the definition of foreign futures, linking its interpretation to the approval order for Kalshi’s contract. In June, CME Group Chief Executive Terry Duffy warned that allowing perpetual cryptocurrency contracts could create systemic risks and criticized the commission’s approval process for them.