CME and CFTC Clash Over On-Chain Perpetual Futures
The US derivatives market is witnessing an unprecedented battle between the CME Group, the largest derivatives exchange operator, and its regulator, the Commodity Futures Trading Commission (CFTC), over the introduction of on-chain perpetual futures. The CFTC recently approved the listing of crypto perpetual futures, also known as perps, which are decentralized derivative contracts that enable us…