CFTC Says CME’s Own Crypto Futures Data Shows No Harm From Perpetual Futures

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 Commodity Futures Trading Commission is using CME’s own trading numbers and earnings-call remarks to argue that the exchange operator has no standing to challenge the agency’s approval of perpetual futures for U.S. exchanges. In a reply brief filed on Oct. 16 in the U.S.

Source: Unchained