Firm group seeks court support for CFTC stock-perpetuals position
Coinbase and other major firms asked a federal judge to support the CFTC’s position on stock perpetual futures, drawing a response from Arthur Hayes.
Coinbase and other major firms asked a federal judge to support the CFTC’s position on stock perpetual futures, drawing a response from Arthur Hayes. This is an original Token Times brief based on reporting by Bitcoin World, with live market data added, as of Sun, 15 Nov 2026 03:45:01 UTC.
The proposed court filing shows market participants aligning behind the CFTC in a dispute over stock perpetual futures, while Hayes’s reaction connects the issue to the decade-old history of crypto derivatives.
- Seven firms requested permission to file a court brief on stock perpetual futures.
- Bitcoin World names Coinbase, Kalshi, Kraken parent Payward, DRW, Jump Trading and Paradigm.
- Arthur Hayes linked Coinbase’s stance to BitMEX’s perpetual-swap launch a decade earlier.
- Bitcoin fell 3.08% over 24 hours as the Fear & Greed index held at 13.
- Stock perpetual futures remain live as court challenges CFTC authority
- Coinbase and Kalshi Side With CFTC in Stock Perpetuals Dispute
- Firm group seeks court support for CFTC stock-perpetuals position — this brief
Coinbase and six other companies asked a federal judge on November 9 for permission to file a brief backing the Commodity Futures Trading Commission’s position on US stock perpetual futures. 
Bitcoin World identified the requesting group as Coinbase, Kalshi, Kraken parent Payward, DRW Holdings, Jump Trading and Paradigm, while Cointelegraph described the central development as Coinbase’s defense of stock perpetual futures.
Arthur Hayes said he was flattered by Coinbase’s support. His response came about a decade after BitMEX launched perpetual swaps, according to Cointelegraph, which framed the moment as a notable link between the latest institutional push over stock perps and the earlier development of crypto derivatives.
The two outlets corroborate the same central development: Coinbase is backing the CFTC in the stock-perpetuals matter, and Hayes has publicly acknowledged the move. Their reporting differs mainly in emphasis. Bitcoin World supplies the November 9 filing request and the full list of participating firms, whereas Cointelegraph highlights Hayes’s reaction and compares the event with BitMEX’s launch of perpetual swaps. Neither outlet reports a conflicting date, figure or outcome.
The requested intervention would add a coordinated group of market participants to the legal discussion over stock perpetual futures. The proposed brief is not itself a ruling or an operational change; it signals support for the CFTC’s position at a point when a federal judge is being asked to permit the companies to submit their views.
The wider crypto market was under pressure as this legal development unfolded. Total crypto market capitalization stood at $2.34 trillion, the broader market was broadly down, and Bitcoin fell 3.08% over 24 hours. The Fear & Greed index registered 13, placing sentiment in the Extreme Fear category. Attention now centers on the court’s treatment of the requested filing and any subsequent position by the CFTC and the participating firms.
Figures and sectors in this story, checked live against on-chain aggregators · November 14, 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.
Firm group seeks court support for CFTC stock-perpetuals pos — questions & answers
What did Coinbase and the other firms ask the court to do?
They asked a federal judge for permission to file a brief supporting the CFTC’s position on US stock perpetual futures.
Which companies were named in the filing request?
Bitcoin World listed Coinbase, Kalshi, Kraken parent Payward, DRW Holdings, Jump Trading and Paradigm.
Why did Arthur Hayes comment on Coinbase’s move?
Hayes said he was flattered, while Cointelegraph connected the development to BitMEX launching perpetual swaps about a decade earlier.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from Bitcoin World. 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.