Crypto firms seek CFTC backing in single-stock perpetual futures case
Coinbase, Kalshi, Kraken parent Payward and three trading firms are supporting the CFTC’s role in overseeing single-stock perpetual futures.
Coinbase, Kalshi, Kraken parent Payward and three trading firms are supporting the CFTC’s role in overseeing single-stock perpetual futures. This is an original Token Times brief synthesising 2 outlets (Crypto.news, The Block), plus live market data, as of Tue, 10 Nov 2026 10:00:02 UTC.
The case could determine how much regulatory authority the CFTC has over perpetual futures tied to individual US stocks. The decision may also shape the operating framework for crypto firms offering or supporting such products.
- Six firms are backing the CFTC in the federal lawsuit
- The dispute concerns single-stock perpetual futures in the US
- The requested intervention would take the form of an amicus brief
- Bitcoin fell 0.40% over 24 hours amid a flat broader market
Crypto.news and The Block both report that Coinbase, Kalshi, Payward and additional trading firms are supporting the CFTC in a federal dispute over its authority over single-stock perpetual futures. They also agree that the companies have sought judicial permission to submit an amicus brief, or friend-of-the-court argument, supporting the regulator. Crypto.news identifies the participating firms, including Payward, while The Block focuses more closely on the procedural request for leave to file the brief; neither outlet reports a conflicting figure or contradicts the other.
- CFTC Greenlights Stock Perpetual Futures Amid Regulatory Scrutiny
- CFTC Clears Regulated Stock Perpetual Futures for Crypto Trading
- Stock perpetual futures remain live as court challenges CFTC authority
- Crypto firms seek CFTC backing in single-stock perpetual futures case — this brief
Coinbase, Kalshi, Payward, the parent company behind Kraken, and three trading firms are backing the Commodity Futures Trading Commission in a federal lawsuit concerning the regulation of single-stock perpetual futures in the United States. The legal dispute centers on whether products that remain linked to an individual stock should fall within the CFTC’s regulatory authority.
The companies are not described as filing the main lawsuit themselves. According to The Block, the participating crypto firms have asked the court for permission to provide an amicus brief defending the CFTC’s position. Such a filing would allow the companies to present their views to the court without becoming direct parties to the case.
Crypto.news and The Block corroborate the central development: major crypto firms and other trading businesses are aligning themselves with the CFTC in the stock-perpetual futures matter. Crypto.news provides the clearest roster of participants, while The Block emphasizes the requested procedural step. No monetary values, disputed product totals or other quantitative figures were reported by either outlet.
The case brings together firms with different relationships to derivatives markets and prediction markets. The specific issue is narrower than crypto regulation generally: it concerns perpetual futures referencing a single stock and whether the CFTC has authority over them in the US. The intervention therefore places the firms’ commercial interests alongside a broader question about the division of regulatory responsibility over these products.
The broader market backdrop was subdued. Total crypto market capitalization stood at $2.55 trillion, while the overall market was described as flat. 
Bitcoin was down 0.40% over 24 hours, and the Fear & Greed Index stood at 32, within the fear range. The next procedural points to watch are whether the court accepts the request to file the amicus brief and how it resolves the CFTC’s jurisdictional authority.
Figures and sectors in this story, checked live against on-chain aggregators · November 10, 2026.
Token Times reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
Crypto firms seek CFTC backing in single-stock perpetual fut — questions & answers
What is the lawsuit about?
It concerns whether single-stock perpetual futures fall under the CFTC’s authority to regulate derivatives markets in the United States.
Which companies are backing the CFTC?
Coinbase, Kalshi, Payward, the parent company behind Kraken, and three additional trading firms are supporting the regulator.
What do the companies want to file?
They have requested leave to submit an amicus brief, which would present their support for the CFTC’s position without making them direct parties to the lawsuit.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from Crypto.news, The Block, with the key figures cross-checked for agreement across them. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.