CME and CFTC Clash Over On-Chain Perpetual Futures
The CME Group, the largest derivatives exchange operator in the US, is locked in a battle with its regulator, the Commodity Futures Trading Commission (CFTC), over the introduction of blockchain-based perpetual futures products. The CFTC recently approved the listing of crypto perpetual futures, also known as 'perps', on the prediction markets platform Kalshi and cryptocurrency exchange Coinbase,…