Coinbase, Kalshi and Payward back CFTC in equity perpetuals lawsuit

10th November, 2026

Narayani Srinivasan

Six major crypto and trading firms argue that perpetual futures linked to individual US stocks qualify as security futures under the Commodity Exchange Act (CEA), as an exchange industry group seeks to block trading that began last week.

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ABN AMRO
Bank of America
CBOE
Citi
Goldman Sachs
DRW Holdings
HSBC
J.P Morgan
Marex
Morgan Stanley
SGX
SocGen
Susquehanna
MUFG Investor Services
TP ICAP
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