Rails Secures CFTC Registration to Offer Onshore Perpetual Futures Infrastructure

Rails Holdings Inc. affiliate Rails Markets Inc. has secured membership with the National Futures Association and registered as an Introducing Broker with the Commodity Futures Trading Commission on Nov. 10, 2026 ¹. The regulatory approval clears the company to provide institutional infrastructure for exchange-listed, centrally cleared perpetual futures in the United States ¹. To anchor the launch, Rails partnered with Crypto.com and OG.com, securing connectivity to a CFTC-regulated Designated Contract Market, Derivatives Clearing Organization, and Futures Commission Merchant ¹.

The arrangement allows US-based financial technology firms, brokerages, exchanges, and prediction markets to embed white-labeled perpetual contracts and options into their customer interfaces via a single API ¹. Margined perpetuals constitute 93% of global digital asset derivatives activity, generating nearly $93 trillion in trading volume throughout 2025 ¹. Rails said its proprietary backend includes an order matching engine, margin management, risk controls, and regulatory monitoring ¹. Outside the US, affiliate Rails Limited operates under a Virtual Asset Service Provider registration and a Securities Investment Business Act license issued by the Cayman Islands Monetary Authority ¹.

Shifting Derivatives In-House

The move marks a concerted effort to migrate crypto derivatives volume onto domestic, compliant venues ¹. Crypto.com affiliate North American Derivatives Exchange, Inc., operating as Crypto.com | Derivatives North America and OG.com Prediction Markets, provides the clearing and exchange framework necessary to list these contracts onshore ¹. Rails previously raised $20 million from backers such as Kraken, Slow Ventures, and CMCC Global, handling over $3.6 billion in lifetime volume across 100 million transactions ¹. The expansion arrives as broader market sentiment trades in fear, with Bitcoin priced at $73,295 at the time of writing.