Crypto.com Pursues 24/7 Stock Trading in the US
Crypto.com is expanding into US stock derivatives as regulators examine the future of 24/7 stock trading. Its US-regulated Nadex exchange registered with the Securities and Exchange Commission (SEC) to trade security futures products, with the registration becoming effective on 14 September 2026.
The registration does not approve Nvidia perpetual futures or make them available to US traders. However, Crypto.com chief executive Kris Marszalek said the company is working with the SEC and Commodity Futures Trading Commission (CFTC) to introduce single-stock perpetual futures in the US.
Crypto.com’s 24/7 stock trading push comes as the SEC holds discussions on overnight liquidity, market surveillance, settlement, cybersecurity and investor protection. These issues remain major obstacles to continuous US equity trading.
Stock perpetuals provide synthetic exposure to an asset rather than ownership of its shares. Traders would not receive voting rights or dividends, and contracts may use funding payments to track the underlying stock. Coinbase already offers 24/7 stock perpetuals to eligible non-US customers, with leverage of up to 10 times on companies including Nvidia, Tesla, Apple and Amazon.
The development could increase competition between crypto exchanges and traditional markets. It may also expand access to around-the-clock equity exposure, although thin liquidity, wider spreads and regulatory uncertainty could limit adoption. For traders, Crypto.com’s 24/7 stock trading initiative is a long-term market-structure development, not an immediate launch of Nvidia perpetuals in the US.
Neutral
The immediate market impact is likely neutral because Crypto.com has not yet launched or received approval for Nvidia perpetual futures in the US. The Nadex registration is an important regulatory step, but it does not create an immediately tradable product or generate direct demand for cryptocurrencies.
In the short term, the announcement may support sentiment toward Crypto.com and the broader crypto-finance sector by highlighting efforts to bring traditional assets onto always-on trading infrastructure. It could also increase interest in exchange-related tokens and derivatives platforms. However, regulatory uncertainty, limited initial liquidity and concerns over leverage may restrict any sustained price reaction. Similar announcements about crypto-based stock products have generally produced stronger narrative effects than immediate changes in spot-market fundamentals.
Over the longer term, approved 24/7 stock perpetuals could increase competition among exchanges, boost derivatives volumes and strengthen the link between crypto market infrastructure and traditional equities. Continuous trading could attract new users, but fragmented liquidity, funding costs, wider spreads, settlement risks and investor-protection requirements may create volatility during thin overnight periods. If regulators reject or delay the products, expectations could reverse and weigh on related platforms. Overall, the development is strategically significant but not sufficiently concrete to justify a bullish or bearish market classification.