OG.com Markets is seeking U.S. regulatory clearance for perpetual futures linked to individual stocks, extending a trading format established in cryptocurrency markets into equities. Its September 24 filing, reported the following day, proposes cash-settled contracts without an expiry date that could trade 24 hours a day, five days a week. The request puts the platform among businesses looking to broaden the range of assets available through regulated derivatives infrastructure.

Recently separated from Crypto.com, OG.com operates in prediction markets and derivatives. Its stock futures proposal joins similar efforts from Coinbase, Kalshi and Kraken parent Payward. The development concerns proposed exchange rules rather than an already completed product launch. Approval and implementation would determine which contracts become available, how they are cleared and what eligibility or trading conditions apply to customers using the platform in the United States.

Perpetual contracts differ from conventional futures because traders do not need to replace an expiring position with a later-dated contract. Maintaining exposure instead depends on the product’s funding and margin arrangements. Applying that structure to stocks introduces questions about reference prices, overnight trading and periods when the underlying equity market is closed. Those design choices matter for how closely the derivative tracks the security it is intended to represent.

For OG.com, the proposal supports an expansion beyond contracts based on event outcomes. For regulators, it presents another opportunity to define how crypto-style trading products fit established U.S. market rules. A regulated single-stock perpetual would give traders a different instrument for obtaining equity exposure, without making them shareholders. The next meaningful milestone is the regulatory treatment of the filing and the publication of final terms for any contracts approved for launch.