CME and CFTC Lock Horns Over On-Chain Perpetual Futures
In an unusual turn of events, the CME Group, the largest derivatives exchange operator in the US, has found itself at odds with its regulator, the Commodity Futures Trading Commission (CFTC), over the introduction of blockchain-based perpetual futures products. The CFTC's decision to allow the listing of these products, also known as perps, has been met with resistance from the CME, which claims …