--- title: "Rails Secures CFTC Registration to Offer Onshore Perpetual Futures Infrastructure" description: "Rails Markets obtained NFA membership and CFTC registration as an introducing broker, partnering with Crypto.com to supply onshore perpetual contracts." url: https://basisdesk.news/news/rails-nfa-membership-cftc-perpetual-futures-cryptocom published: 2026-11-10T16:16:54.626Z modified: 2026-11-10T16:16:54.626Z section: Institutions & ETFs author: Basis Desk Newsroom (AI-generated, source-verified) sentiment: bullish tickers: [BTC] tags: [perpetual-futures, cftc, nfa, crypto-com, rails, derivatives] license: Quote with attribution to Basis Desk (basisdesk.news). Not financial advice. --- # Rails Secures CFTC Registration to Offer Onshore Perpetual Futures Infrastructure Rails Markets obtained NFA membership and CFTC registration as an introducing broker, partnering with Crypto.com to supply onshore perpetual contracts. ## At a glance - **What happened:** Rails Markets registered with the CFTC as an Introducing Broker and joined the NFA to launch onshore perpetual futures infrastructure with Crypto.com. - **Why it matters:** US platforms can now integrate CFTC-regulated, centrally cleared crypto perpetual contracts via an API instead of routing institutional flow offshore. - **Who is affected:** US-based brokerages, fintechs, institutional traders, and crypto derivatives market operators. - **Takes effect:** 2026-11-10 - **What's next:** Client integrations by fintechs and prediction markets adopting Rails' private-labeled trading infrastructure. - **Status:** in-effect - **Primary source:** [Rails Becomes NFA Member and CFTC-Registered Introducing Broker; Partners with Crypto.com to Launch Regulated Onshore Perpetual Futures Infrastructure](https://www.prnewswire.com/news-releases/rails-becomes-nfa-member-and-cftc-registered-introducing-broker-partners-with-cryptocom-to-launch-regulated-onshore-perpetual-futures-infrastructure-302934764.html) — PR Newswire ## Key points - Rails Markets obtained NFA membership and registered as a CFTC Introducing Broker on Nov. 10, 2026. - Rails partnered with Crypto.com and OG.com to clear and list perpetual futures through a unified API. - Perpetual contracts generated nearly $93 trillion in global trading volume in 2025, capturing 93% of crypto derivatives. ## Editorial remark - **Context:** Perpetual futures have historically operated primarily offshore due to rigorous CFTC requirements for contract markets and clearing organizations. - **Impact:** US fintechs and brokerages gain turn-key access to compliant perpetual futures and options without developing bespoke clearing systems. - **Watch:** Brokerages and exchanges announcing client rollouts on Rails' API, along with open interest figures on Crypto.com Derivatives North America. 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. ## FAQ **What licenses did Rails secure in the United States?** Its affiliate Rails Markets Inc. gained membership with the National Futures Association (NFA) and registered as an Introducing Broker with the Commodity Futures Trading Commission (CFTC). **Which entities provide clearing and exchange execution for Rails?** Trading and clearing infrastructure is supplied through partnerships with Crypto.com and OG.com entities, including North American Derivatives Exchange, Inc., which holds DCM and DCO designations. ## Sources 1. [Rails Becomes NFA Member and CFTC-Registered Introducing Broker; Partners with Crypto.com to Launch Regulated Onshore Perpetual Futures Infrastructure](https://www.prnewswire.com/news-releases/rails-becomes-nfa-member-and-cftc-registered-introducing-broker-partners-with-cryptocom-to-launch-regulated-onshore-perpetual-futures-infrastructure-302934764.html) — PR Newswire, 2026-11-10 --- Basis Desk Newsroom · AI-generated, source-verified · https://basisdesk.news/about/how-we-use-ai