CryptoMedium•4 November 2026•
1 min read
Federal Judge Refuses to Halt Stock Perpetual Futures Trading on Coinbase and Kalshi
Key Facts
1A federal judge refused to halt stock perpetual futures trading on Kalshi, Coinbase Derivatives, and Bitnomial.
2The judge noted that a group backed by Cboe and Citadel Securities is likely to prove the CFTC exceeded its legal authority.
A federal judge refused to halt stock perpetual futures trading on Kalshi, Coinbase Derivatives, and Bitnomial. Bitcoin Magazine reported that the judge noted a group backed by Cboe and Citadel Securities is likely to prove the Commodity Futures Trading Commission (CFTC) exceeded its legal authority regarding these approvals.
The American Securities Association argues these contracts are swaps that should fall under the jurisdiction of the SEC rather than the CFTC. In equity markets, CBOE closed at $344.28 and COIN closed at $145.45 on November 3, 2026.