Crypto.com’s Nadex Registers with SEC for Security Futures and Proposes Ten Single‑Stock Futures

Crypto.com’s U.S. derivatives platform, operating under the North American Derivatives Exchange (Nadex), filed a Form 1‑N with the SEC on Sept. 14, 2026. The notice registration took effect the same day, allowing Nadex to trade security‑futures products while remaining a CFTC‑designated contract market.

SEC registration and regulatory context

The filing registers Nadex as a national securities exchange solely for security‑futures under Section 6(g) of the Securities Exchange Act. As a notice registration, the filing does not require an affirmative SEC vote and does not approve any specific contracts. The exchange continues to be overseen by the CFTC, which has listed it as a designated contract market since 2004.

Proposed cash‑settled single‑stock futures

Exhibit I of the Form 1‑N lists ten reference securities for which Nadex intends to launch cash‑settled futures:

• Apple (AAPL)
• Advanced Micro Devices (AMD)
• Amazon (AMZN)
• Alphabet (GOOGL)
• Meta Platforms (META)
• Microsoft (MSFT)
• Micron Technology (MU)
• Nvidia (NVDA)
• Tesla (TSLA)
• SpaceX (private)

The contracts will be one‑share, cash‑settled futures priced at $0.10 per contract, with additional regulatory, data and connectivity fees possible. Orders will be processed through an electronic matching system using price‑and‑time priority, and only qualified exchange members—registered futures commission merchants and SEC‑registered broker‑dealers—may access the market.

Trading hours and product rollout

Trading hours for the individual security‑futures will be defined in product‑specific filings. Nadex operates some fully collateralized and margined products around the clock when reliable underlying pricing is available, but no uniform schedule has been set for the proposed stock contracts. The filing notes an intended launch date of Sept. 9, which predates the Form 1‑N submission; however, no public confirmation of trading on that date exists.

Future plans for single‑stock perpetual futures

Crypto.com CEO Kris Marszalek indicated that the company is working with both the SEC and CFTC on U.S. single‑stock perpetual futures, which differ from traditional futures by lacking a fixed expiration date and using funding mechanisms to anchor prices. No details on leverage, funding rates, supported stocks or launch timelines have been disclosed.

Ownership and corporate structure

Earlier in 2026, OG Markets US, Inc. acquired 100 % of Crypto.com Derivatives North America, the legal entity behind Nadex. The exchange now operates under two brands: Crypto.com Derivatives North America and OG.com, with OG Markets US identified as the direct parent.