Crypto.com and its derivatives partner OG.com began offering crypto perpetual futures to eligible US customers on Tuesday, with leverage of up to 5x and no expiration dates. The contracts trade around the clock through the Crypto.com app and exchange.

The structure splits the regulated roles. Crypto.com recently registered with the National Futures Association as an introducing broker, which lets it distribute the products. OG.com’s exchange operates as a designated contract market and derivatives clearing organization, and its broker arm is registered with the CFTC as a futures commission merchant. The launch covers crypto perpetuals only. Crypto.com founder and chief executive Kris Marszalek, who also leads OG.com, said traders…