Regulation· ★★★★· bullish·

CFTC rejects CME's legal arguments in landmark perpetual futures fight

  • —CFTC approved the first U.S. bitcoin perpetual futures contract
  • —CME must show the new policy is causing it concrete harm
  • —Outcome will shape the future of perps in the U.S. market
Why it matters: A U.S. green light for perpetual futures could sharply boost crypto derivatives volumes and reshape competition between CME and offshore exchanges.
#BTC
Source: CoinDesk
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