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FollowingSEC approves securities futures: Kalshi, Bitnomial and Coinbase are allowed to operate
On September 8, 2026, the U.S. Securities and Exchange Commission (SEC) issued a new securities futures approval notice confirming that KalshiEX LLC and Bitnomial Exchange have completed national stock exchange registrations under Section 6(g) of the Securities Exchange Act of 1934. According to a post posted by the X platform account Crypto Banter, Derivatives also received the same recognition. The filing only covers securities and futures products, which means that these trading platforms are not full-scale stock exchanges like Nasdaq.
As of this writing, this is one of the most watched major stories in Washington and the cryptocurrency news community this week.
Detailed explanation of the SEC Kalshi Securities Futures Approval
Section 6(g) of the Securities Exchange Act of 1934 stipulates that exchanges that have been designated as contract markets may only trade securities futures products after registration with the SEC. According to documents released by the SEC, this Section 6(g) registration path avoids the onerous compliance burden faced by comprehensive stock exchanges. Kalshi's SEC approval and Bitnomial's securities and futures registration followed this exact path, as the two companies had previously obtained contract market status designated by the Commodity Futures Trading Commission (CFTC).
Coinbase Derivatives SEC National Exchange Status
Coinbase Derivatives, LLC filed Form 1-N with the SEC on September 1, 2026, which is confirmed in its own filing. On the same day, its affiliated company Coinbase Financial Markets, Inc. submitted supporting Forms BD-N to register as a broker and dealer in securities and futures products. The filing information also appeared in the public records of the SEC EDGAR, giving Coinbase Derivatives SEC status that matches Kalshi and Bitnomial.
Overview of Kalshi, Bitnomial and Coinbase SEC filings in September 2026
Entity name filings type Submission Date Regulatory path KalshiEX LLCForm 1-N September 8, 2026 Approved CFTC + SECBitnomial ExchangeForm 1-N Approved September 8, 2026 CFTC + SECCoinbase Derivatives, LLCForm 1-N September 1, 2026 CFTC + SECCoinbase Financial Markets Form BD-N September 1, 2026 SEC Key Filing Facts:
- The CFTC's supervision of securities and futures remains complete, and the SEC's role is relatively limited.
- This further confirms the trend of cryptocurrency derivatives regulation in 2026, after CME completed a similar Article 6(g) filing in April 2026.
- At present, these three platforms already have access to national stock exchanges that are limited to securities and futures only on the technical level.
- Bitnomial's Article 6(g) SEC registration news follows the listing of its previously CFTC approved bitcoin perpetual contract.
What does SEC securities futures approval mean for cryptocurrencies?
In short: This is a procedural license, not a product release. Can Kalshi and Coinbase now list stock futures? Not yet achieved. This registration only unlocks eligibility; each exchange still needs to certify individual contracts with the CFTC before trading any product.
Expert Opinion
Market analysts pointed out that the SEC's securities and futures approvals reflect a procedural step rather than a policy shift, as the underlying Section 6(g) framework has been applied to other exchanges over the years. If Kalshi, Bitnomial or Coinbase Derivatives eventually list equity-linked contracts in the future, this may be significant in the long term, but this is still speculative and will need to be confirmed by further CFTC filings.
Disclaimer : This article is for reference only and does not constitute financial or investment advice. Regulatory filings do not guarantee future product launches or price fluctuations.
