Crypto.com Obtains CFTC Margined Derivatives Licenses

September 26, 2025 – Crypto.com today announced that it has received approval from the U.S. Commodity Futures Trading Commission (CFTC) for derivatives licenses in the United States for margined derivatives. 

Specifically, Crypto.com | Derivatives North America (CDNA), a CFTC-registered exchange and clearinghouse and an affiliate of Crypto.com, is now approved to offer cleared margined derivatives on cryptocurrencies and other asset classes with an amendment to its derivatives clearinghouse organization (DCO) license, in addition to its existing capabilities to offer fully collateralized derivatives through its prediction markets. 

Additionally, Foris DAX FCM LLC d/b/a Crypto.com | FCM is now approved as a Futures Commission Merchant (FCM) by the National Futures Association (NFA), enabling Crypto.com to serve as an intermediary for customers and institutions across the derivatives market.

“The full stack of CFTC-approved derivatives licenses allows Crypto.com to seamlessly provide clients with the most comprehensive and integrated derivatives experience, alongside Crypto.com’s additional product offerings including spot markets, prediction markets, stocks, qualified custody, credit and debit cards, and more,” said Kris Marszalek, Co-Founder and CEO of Crypto.com. “We sincerely appreciate the partnership with Acting Chairman Pham and the CFTC, who are working hard to carry out the crypto agenda of President Trump. We will soon bring regulated, leveraged derivatives to retail customers in the U.S. through one interface.” 

“We want to thank Acting Chairman Caroline D. Pham for her extraordinary leadership in delivering on the promise she made to get ‘back to basics’ and move forward with approvals that had been languishing before her tenure,” said Steve Humenik, Head of Clearing for CDNA. “With our amended order we will be able to deliver cleared margined derivatives, including crypto perpetuals, to our customers in order to do our part to make the United States 'the crypto capital of the world.' Today’s approvals are proof that Acting Chairman Pham is delivering in real-time on President Donald J. Trump’s pledge.”

CDNA filed its request to amend its DCO order on June 7, 2024, after beginning discussions with CFTC Staff in 2023. CDNA provided extensive documentation and performed multiple trading and clearing system demos, 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. Today marks an important step for our company,” said Nick Lundgren, Chief Legal Officer of Crypto.com.

“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,” said Travis McGhee, Managing Director, Global Head of Capital Markets of Crypto.com. “We look forward to continued and productive engagement with Acting Chairman Pham and CFTC Staff.”

CDNA will announce further details on its new suite of margined products soon.  

This is the latest regulatory licensure milestone for Crypto.com, building on its industry leadership of regulatory compliance, security and privacy licenses and registrations.

Product and service availability and terms subject to legal terms and jurisdiction restrictions; We only offer particular products and services in a market where those capabilities have been approved by regulators.

About Crypto.com

Founded in 2016, Crypto.com is trusted by millions of users worldwide and is the industry leader in regulatory compliance, security and privacy. Our vision is simple: Cryptocurrency in Every Wallet™. Crypto.com is committed to accelerating the adoption of cryptocurrency through innovation.

Crypto.com | Derivatives North America (CDNA) is an affiliate of Crypto.com and is registered with the Commodity Futures Trading Commission (CFTC) as a designated contract market and derivatives clearing organization; CDNA offers the trading of prediction market contracts, as well as economic and cryptocurrency event contracts. CDNA is the doing business as name for North American Derivatives Exchange, Inc., which is the legal entity registered with the CFTC as an exchange and clearinghouse.

Foris DAX Markets LLC is an affiliate of Crypto.com and is now registered with the National Futures Association (NFA) as a futures commission merchant and will be able to intermediate CFTC-regulated products.