CME and CFTC Clash Over On-Chain Perpetual Futures
The US derivatives market is witnessing an unusual conflict between the CME Group, the largest derivatives exchange operator, and its regulator, the Commodity Futures Trading Commission (CFTC), over the introduction of blockchain-based perpetual futures products. The CFTC recently gave its first approval for listing such products, but the CME is opposing the move, arguing that it goes against the…