Crypto.com US perps: 5x Leverage on BTC, ETH, SOL, HYPE

Crypto.com US perps are live, and that puts perpetual futures, the favorite tool of offshore crypto traders, inside a mainstream US app. OG.com and Crypto.com announced on October 27 that eligible US traders can now trade "Crypto Perpetuals" with up to 5x leverage through the Crypto.com App and the Crypto.com Exchange. TokenPost reports the first contracts cover bitcoin, ether, solana, HYPE, zcash and SEI.

What actually happened

The joint release says the rollout began on October 27 across both Crypto.com platforms. Retail users get a simplified interface in the app, while advanced and institutional users trade on the Exchange. Crypto.com recently registered as an introducing broker with the National Futures Association to offer the product.

Key features listed in the release are up to 5x leverage, take-profit and stop-loss orders, and isolated margin, which limits risk per position. "The expansion of our trading suite to include regulated crypto perpetuals gives our users the ultimate toolkit for market flexibility," said Kris Marszalek, founder and CEO of both OG.com and Crypto.com.

The help center adds the mechanics. Each eligible user gets one master account and one sub-account, and each can hold up to eight isolated positions. There is no hedge mode, so you cannot hold a long and a short in the same contract within one account. Positions can be liquidated automatically if the margin balance falls below the maintenance requirement.

Why Crypto.com US perps matter

For years, perpetual futures were the biggest product in crypto trading and almost entirely offshore for US users. Americans who wanted them used foreign exchanges, often through VPNs, or on-chain venues. A regulated version inside a large consumer app changes the default. It also puts the product under a US regulator, the CFTC, through registered firms, instead of an offshore exchange that answers to nobody American users can reach.

The limits show the trade-off. Offshore venues often offer much higher leverage. Here, 5x is the cap. TokenPost gives the math: at 5x, $200 of margin supports a $1,000 position. It also stresses that losses can exceed the initial margin and that open positions can pay ongoing funding charges, the fee that keeps a perpetual's price close to spot.

Competition is building. TokenPost notes the CFTC approved Kalshi's bitcoin perpetual contract in May 2026, and on-chain venues keep expanding, as we saw in Pump.fun perps. Crypto.com is also leaning into prediction markets, the same lane as wallets like Phantom, which we covered in Phantom Kalshi markets.

A regulated wrapper changes who you can sue. It does not change how fast 5x leverage can empty an account.

The details to read twice

TokenPost found that six matching contracts carried "Certified" status dated October 8. Certification is a self-filing process with the CFTC, not an approval of the product. That is normal for futures, but it is worth knowing when marketing uses the word "regulated".

The asset list is also interesting. Next to bitcoin, ether and solana sit HYPE, zcash and SEI. ZEC has been one of the louder large caps this week, with a CoinDesk headline on Wednesday noting an 8% jump, and HYPE is the token of Hyperliquid, one of the biggest on-chain perps venues. Listing a rival platform's token as a perp is a quiet sign of how much US demand Crypto.com expects for it.

What to do as a reader

If you are new to leverage, start at 1x or 2x, not 5x. Use isolated margin and set a stop-loss before you enter. Remember that with Crypto.com US perps, a fast move can liquidate you before you react, and losses can go beyond your margin.

Check funding rates before holding a position for days. Small hourly costs add up. Read the help center rules on liquidation and negative balances, since any negative balance must be repaid.

Finally, confirm you are eligible in your state before depositing. Availability is limited to eligible US users. Nothing here is investment advice, and most retail leveraged traders lose money.

Sources: Crypto.com and OG.com release, Crypto.com help center, TokenPost and The Block.