Cboe-backed group sues CFTC over single-stock perps, targets Coinbase, Kalshi, Bitnomial
AI summary
A Cboe-backed group has sued the CFTC over approvals for single-stock perpetual futures, naming Coinbase, Kalshi and Bitnomial in the complaint. The suit seeks emergency relief to stop the contracts from being listed as security futures. The outcome matters to traders because it could determine whether single-stock perps reach US markets, affecting Coinbase's product expansion and the broader derivatives landscape.
