CME and CFTC Clash Over On-Chain Perpetual Futures
In an unusual turn of events, the CME Group, the largest derivatives exchange operator in the US, has found itself at odds 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 cr…