CME and CFTC Clash Over On-Chain Perpetual Futures
The US derivatives market is witnessing an unusual showdown 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 controversy began when the CFTC approved the listing of crypto perpetual futures, also known as perps, on the prediction markets pl…