Rails Partners with Crypto.com to Launch Onshore Perpetual Futures as NFA Member

Rails Holdings Inc. Partners with Crypto.com for Onshore Perpetual Futures

In a significant development for the financial landscape, Rails Holdings Inc., a prominent provider of derivatives trading infrastructure, has announced that its affiliate, Rails Markets Inc., has successfully gained membership as a National Futures Association (NFA) member and has been registered with the Commodity Futures Trading Commission (CFTC) as an Introducing Broker (IB). This milestone is crucial as Rails aims to launch a new product offering that will introduce regulated perpetual futures—often referred to as 'perps'—to U.S. institutions।

A New Era for Institutional Trading

This development positions Rails as a pivotal infrastructure layer connecting traditional finance to the burgeoning world of digital asset trading. Rails has partnered with Crypto.com, alongside OG.com, a Futures Commission Merchant (FCM) and Designated Contract Market (DCM), to provide a robust regulated stack that facilitates the trading of margined perpetual futures. Given that perpetual futures account for 93% of all crypto derivatives trading with nearly $93 trillion in global volume generated in 2025, this partnership brings monumental possibilities for U.S. traders and institutions.

Kwon Park, Managing Director and Global Head of Digital Asset Partnerships at Crypto.com, emphasized the value of this collaboration, stating, "Rails' technology combined with our fully regulated stack gives U.S. institutions something they haven't had before—high-performance perpetual futures, offered onshore, with the same protections they expect in any other regulated futures market." This point reflects a growing trend where innovation intersects with compliance, ensuring that U.S. traders can access the product offerings commonly utilized in other global markets without needing to venture offshore.

Shaping the Future of Trading Infrastructure

Rails aims to allow fintech firms, brokerages, exchanges, and prediction markets in the U.S. to harness its private-labeled perpetual futures and options trading infrastructure. By providing a single, seamless integration, Rails facilitates access to regulated derivatives for end users. Moreover, through its affiliate Rails Limited, the company already holds significant regulatory credentials, including a Virtual Asset Service Provider (VASP) registration and a Securities Investment Business Act (SIBA) license from the Cayman Islands Monetary Authority (CIMA).

Satraj Bambra, Co-Founder and CEO of Rails, remarked on this achievement, stating, "Securing membership with the NFA is a major milestone in our work to bring regulated perpetual futures onshore. We have spent three years building a battle-tested technical platform that includes a high-performance matching engine, margin management, risk monitoring, and compliance infrastructure. Now we are prepared to serve as the compliant backend for the world’s leading financial institutions."

Building a Comprehensive Trading Ecosystem

Rails has already made notable strides with a trading volume exceeding $3.6 billion and over 100 million trades executed, maintaining an impressive 99.99% system uptime since its launch. With operational bases in Miami and Toronto, Rails has attracted significant investment, amassing $20 million from notable backers such as Slow Ventures, CMCC Global, and Kraken. This robust financial backing demonstrates confidence in Rails' model and its vision for the future of derivatives trading.

Additionally, the partnership entails a comprehensive trading ecosystem provided by OG.com, an independent platform that offers access to a variety of trading products while serving global customers. With registration as a designated contract market and derivatives clearing organization with the CFTC, OG.com provides an innovative marketplace for prediction contracts that cover various categories including sports and financials.

In conclusion, Rails Holdings Inc. has not only solidified its position in the derivatives market by achieving NFA membership and CFTC registration but is also paving the way for a regulated environment for perpetual futures trading in the U.S. This partnership with Crypto.com signifies an exciting evolution in the financial ecosystem where compliance and innovation go hand-in-hand, ultimately enhancing market accessibility for a broader range of participants.