CME and CFTC Clash Over On-Chain Perpetual Futures
The CME Group, the largest derivatives exchange operator in the U.S., is engaged in a heated battle with its regulator, the Commodity Futures Trading Commission (CFTC), over the introduction of blockchain-based perpetual future products. The CFTC's decision to allow the listing of crypto perpetual futures, also known as perps, has been met with resistance from the CME, which claims that these pro…