The CFTC has granted Crypto.com a Derivatives Clearing Organization (DCO) license
Crypto.com was already a CFTC-registered exchange and clearinghouse
The company is already operating in the US prediction market space
Crypto.com is expanding the company's footprint in the US derivatives market. The company has been granted approval by the Commodities Futures Trading Commission (CFTC) for an amended Derivatives Clearing Organization (DCO) license. This enables the company to offer cleared margined derivatives.
Specifically, this
approval was granted
to Derivatives North America (CDNA), a CFTC-registered exchange and clearinghouse and an affiliate of Crypto.com. Additionally, another company subsidiary, Foris DAX FCM LLC, is now approved as a Futures Commission Merchant (FCM) by the National Futures Association (NFA). This will enable Crypto.com to serve as an intermediary for customers and institutions across the derivatives market.
These changes will position Crypto.com to launch a fully regulated, leveraged derivatives platform. These opportunities will be available to both retail and institutional clients in the US market.
“With our amended order, we will be able to deliver cleared margined derivatives, including crypto perpetuals, to our customers," Steve Humenik, Head of Clearing for CDNA, said in a press release.
Up To $1500 in Bonus Bets Paid Back if your First Bet Does Not Win
Get bonus now
Gambling problem? Call 1-800-GAMBLER or 1-800-MY-RESET (Available in the US) 877-8-HOPENY or text HOPENY (467369) (NY) 1-800-327-5050 (MA), 1-800-BETS-OFF (IA), 1-800-981-0023 (PR). 21+ only. Please Gamble Responsibly. See BetMGM.com for Terms. First Bet Offer for new customers only (if applicable). Subject to eligibility requirements. Bonus bets are non-withdrawable. In partnership with Kansas Crossing Casino and Hotel. Promotional offers not available in Mississippi, New York, Ontario, or Puerto Rico.
New Users – Bet $5 Get $50 in Bet Reset Tokens for 7 Days
Get bonus now
Gambling Problem? Call 1-800-GAMBLER or 1-800-MY-RESET. Call 1-888-789-7777 or visit ccpg.org/chat (CT). Hope is here. GamblingHelplineMA.org or call (800) 327-5050 for 24/7 support (MA). Visit www.mdgamblinghelp.org (MD). Call 1-877-HOPENY or text HOPENY (467369) (NY). 21+ (18+ DC, IA, KY, WV) only. New users only or text HOPENY (467369) (NY). Casino, First online real money wager only. $5 first deposit required. Min $5 wager required for 5 consecutive days. Bonus issued as non-withdrawable Bet Reset tokens. Refund from token issued as nonwithdrawable bonus bet that expire 7 days after receipt. Restrictions apply, including token expiration. See full terms at fanduel.com/sportsbook. Call 1-877-770-7867 (LA).
This licensing process was three years in the making
Initially, CDNA filed its request to amend its DCO order on June 7, 2024. Discussions of the process began with CFTC staff in 2023. CDNA provided extensive documentation and performed multiple demonstrations of its trading and clearing systems, which required review by CFTC staff.
Foris DAX FCM, LLC filed its FCM application on April 13, 2022. The FCM also provided extensive documentation and performed demos with NFA Staff.
“We acquired a CFTC-registered clearinghouse in order to advance our mission to be the most regulated financial services platform in the world," Nick Lundgren, Chief Legal Officer of Crypto.com, said in a statement.
The long-range objective of Crypto.com is to become a full-service derivatives platform.
“The full stack of CFTC-approved derivatives licenses allows Crypto.com to seamlessly provide clients with the most comprehensive and integrated derivatives experience," Kris Marszalek, Co-Founder and CEO of Crypto.com, said in a statement.
Crypto.com’s additional product offerings include spot markets, prediction markets, stocks, qualified custody, and crypto credit and debit cards.”
CDNA will announce further details on its new suite of margined products soon.
“CDNA has been building a robust clearinghouse for multiple products, and we are excited to head toward the launch of our margined derivatives using state-of-the-art technology focused on best-in-class risk management,” Travis McGhee, Managing Director, Global Head of Capital Markets of Crypto.com, said in a press release.
Crypto.com was the first to offer sports event contracts in the US market
In December 2024, Crypto.com became the first company to provide American players the opportunity to participate in sports event trading services. The success that Crypto.com subsidiary CDNA had in handling similar trades on the November 2024 US election is what spawned the concept for expanding to offer sports event trading services.
A Singapore-based company, Crypto.com, was first launched in 2016 with an objective of accelerating the world’s transition to cryptocurrency. Their goal is to put crypto into everyone’s wallet. Worldwide, they boast of 100 million customers in 90 different countries.
Operating as a crypto exchange, they buy and sell over 350 different types of cryptocurrency. Users can store cryptocurrency with them, acquire and sell NFTs, and even get a crypto Visa card from them. The company has gained a reputation as one of the safest and most trusted crypto traders in the marketplace.
All Crypto.com financial transactions are based in cryptocurrency. They offer a crypto exchange program. This enables customers to make trades in US dollars and then exchange the fiat cash for crypto. Payments on winning trades are made in US dollars and are paid out the day after the event is resolved.
Up To $1500 in Bonus Bets Paid Back if your First Bet Does Not Win
USA Players Welcome
Bet now
Gambling problem? Call 1-800-GAMBLER or 1-800-MY-RESET (Available in the US) 877-8-HOPENY or text HOPENY (467369) (NY) 1-800-327-5050 (MA), 1-800-BETS-OFF (IA), 1-800-981-0023 (PR). 21+ only. Please Gamble Responsibly. See BetMGM.com for Terms. First Bet Offer for new customers only (if applicable). Subject to eligibility requirements. Bonus bets are non-withdrawable. In partnership with Kansas Crossing Casino and Hotel. Promotional offers not available in Mississippi, New York, Ontario, or Puerto Rico.
New Users – Bet $5 Get $50 in Bet Reset Tokens for 7 Days
USA Players Welcome
Bet now
Gambling Problem? Call 1-800-GAMBLER or 1-800-MY-RESET. Call 1-888-789-7777 or visit ccpg.org/chat (CT). Hope is here. GamblingHelplineMA.org or call (800) 327-5050 for 24/7 support (MA). Visit www.mdgamblinghelp.org (MD). Call 1-877-HOPENY or text HOPENY (467369) (NY). 21+ (18+ DC, IA, KY, WV) only. New users only or text HOPENY (467369) (NY). Casino, First online real money wager only. $5 first deposit required. Min $5 wager required for 5 consecutive days. Bonus issued as non-withdrawable Bet Reset tokens. Refund from token issued as nonwithdrawable bonus bet that expire 7 days after receipt. Restrictions apply, including token expiration. See full terms at fanduel.com/sportsbook. Call 1-877-770-7867 (LA).
Must be 21+. GAMBLING PROBLEM? CALL 1-800-GAMBLER OR CALL 1-800-MY-RESET, www.mdgamblinghelp.org (MD), (800)-327-5050 or gamblinghelplinema.org (MA), Call (877)8-HOPENY or text HOPENY (467369) (NY), (888) 789-7777 or ccpg.org (CT), morethanagame.nc.gov (NC), 1800gambler.net (WV)
21+ and present in OH. Gambling Problem? Call 1-800-GAMBLER.
This site is using
Cloudflare
and adheres to the
Google Safe Browsing Program. We adapted
Google's Privacy Guidelines
to keep your data safe at all times.
Close
Top 3 Sportsbook Bonuses
BetMGM Promo
Up To $1500 in Bonus Bets Paid Back if your First Bet Does Not Win
Our Favorite
T&Cs and 21+ apply
Gambling problem? Call 1-800-GAMBLER or 1-800-MY-RESET (Available in the US) 877-8-HOPENY or text HOPENY (467369) (NY) 1-800-327-5050 (MA), 1-800-BETS-OFF (IA), 1-800-981-0023 (PR). 21+ only. Please Gamble Responsibly. See BetMGM.com for Terms. First Bet Offer for new customers only (if applicable). Subject to eligibility requirements. Bonus bets are non-withdrawable. In partnership with Kansas Crossing Casino and Hotel. Promotional offers not available in Mississippi, New York, Ontario, or Puerto Rico.
Code:
Open BetMGM
Get Bonus
DraftKings Promo
Quick Draft
T&Cs and 21+ apply
Code:
Get Bonus
FanDuel Promo
New Users – Bet $5 Get $50 in Bet Reset Tokens for 7 Days
Newcomer
T&Cs and 21+ apply
Gambling Problem? Call 1-800-GAMBLER or 1-800-MY-RESET. Call 1-888-789-7777 or visit ccpg.org/chat (CT). Hope is here. GamblingHelplineMA.org or call (800) 327-5050 for 24/7 support (MA). Visit www.mdgamblinghelp.org (MD). Call 1-877-HOPENY or text HOPENY (467369) (NY). 21+ (18+ DC, IA, KY, WV) only. New users only or text HOPENY (467369) (NY). Casino, First online real money wager only. $5 first deposit required. Min $5 wager required for 5 consecutive days. Bonus issued as non-withdrawable Bet Reset tokens. Refund from token issued as nonwithdrawable bonus bet that expire 7 days after receipt. Restrictions apply, including token expiration. See full terms at fanduel.com/sportsbook. Call 1-877-770-7867 (LA).
Code:
Open FanDuel
Get Bonus
Wanna make consistent profits with online sports betting?
BetMGM Sports Promo
Up To $1500 in Bonus Bets Paid Back if your First Bet Does Not Win
Gambling problem? Call 1-800-GAMBLER or 1-800-MY-RESET (Available in the US) 877-8-HOPENY or text HOPENY (467369) (NY) 1-800-327-5050 (MA), 1-800-BETS-OFF (IA), 1-800-981-0023 (PR). 21+ only. Please Gamble Responsibly. See BetMGM.com for Terms. First Bet Offer for new customers only (if applicable). Subject to eligibility requirements. Bonus bets are non-withdrawable. In partnership with Kansas Crossing Casino and Hotel. Promotional offers not available in Mississippi, New York, Ontario, or Puerto Rico.
Daily picks from betting experts on odds boosts and casino promos
