SEC acknowledges Coinbase Derivatives, Kalshi and Bitnomial registrations for security futures

The U.S. Securities and Exchange Commission has acknowledged registrations for Coinbase Derivatives, KalshiEX and Bitnomial Exchange as national securities exchanges under Section 6(g), a procedural step that applies to security futures products rather than to full stock exchange activity.

The agency’s “Other Commission Orders, Notices, and Information” page lists the acknowledgements for the three venues, including releases tied to Coinbase Derivatives, KalshiEX and Bitnomial. The filings indicate that the exchanges have cleared the registration step for security futures, but that does not mean they have become general-purpose stock exchanges.

A narrow registration, not a broad market approval

The distinction matters because the acknowledged registrations cover security futures only. That leaves the firms within a specific derivatives framework, with the Commodity Futures Trading Commission still relevant to contract-level oversight and product listing requirements.

In other words, the SEC’s action appears to clear the registration paperwork needed for that category of products, but it does not by itself authorize a wider menu of U.S. stock-linked trading. Any individual contracts would still need the appropriate follow-on steps before trading.

Coinbase Derivatives’ acknowledgment also follows its own filing record, while KalshiEX and Bitnomial were listed alongside it in the SEC’s notices. The public record points to the same narrow regulatory outcome for all three: national securities exchange registration for security futures, not a blanket exchange license.

Social coverage of the notices framed the development as a step for stock-linked and derivatives products in the U.S., but the filings themselves remain specific to security futures and should be read in that limited context.