CFTC Says CME’s Own Crypto Futures Data Shows No Harm From Perpetual Futures
By Unchained
AI summary of the source article
In an October 16 court filing, the CFTC argued CME lacks standing to challenge its approval of perpetual futures, citing CME data showing crypto futures volume grew by 621,570 contracts between May and September.
Key facts
- The CFTC filed a reply brief on Oct. 16 supporting its motion to dismiss CME's lawsuit over perpetual futures approvals.
- CME's crypto futures volume increased from 2,660,960 contracts in May to 3,282,530 in September.
- CME sued the CFTC in June, contending that perpetual futures are swaps under the Commodity Exchange Act.
Source excerpt · Unchained
In an Oct. 16 court filing, the regulator said CME's crypto futures volume grew by 621,570 contracts from May to September and cited the exchange's CEO telling investors that customers haven't asked for perps. The post CFTC Says CME’s Own Crypto Futures Data Shows No Harm From Perpetual Futures appeared first on Unchained .