Who can trade perps?
Perps are available to eligible customers in the U.S.
What verification is required?
A one-time verification is required before you can start trading:
From the home screen, tap Market > Perps and select an asset
Select Price up or Price down
Follow the instructions to complete verification
If you've already completed verification on Crypto.com Exchange or OG.com, you won't need to verify again.
How do I fund my trades?
Perps are funded from settled USD in your existing cash balance. The margin is automatically deducted when you open a position. You can also convert your crypto to USD to fund a trade.
Why can't I use my full cash balance?
Pending Instant Deposit funds will appear in your cash balance, but can't be used for Perps until they are settled. These funds can however be used for prediction trading immediately.
How do I get my cash back?
Close your position. Your margin is returned to your cash balance, plus or minus any profit or loss. Once returned, the cash can be used for trading or withdrawn as normal.
When are profit and loss settled?
Twice each business day, at 12:00 and 17:00 Eastern Time. The gain or loss since the last settlement is credited to or debited from your margin balance. Your total profit and loss does not change.
What if my position is liquidated?
Any remaining margin after the close is returned to your cash balance. See the Margin and Liquidation Section for details.