CME and CFTC Clash Over On-Chain Perpetual Futures
The CME Group, the largest derivatives exchange operator in the US, is at odds with its regulator, the Commodity Futures Trading Commission (CFTC), over the agency's decision to allow blockchain-based perpetual futures products. The CME has sued the CFTC, challenging its decision to permit the prediction markets platform Kalshi and cryptocurrency exchange Coinbase to list crypto perpetual futures…