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 CFTC recently gave the green light to crypto perpetual futures, also known as perps, with its first listing approval, but the CME G…