Inside the CME and CFTC’s battle over onchain perpetual futures
CoinDesk 2026-07-28 08:00:00
Context: The U.S. Commodity Futures Trading Commission (CFTC) recently approved the first listing of crypto perpetual futures, a move that has sparked opposition from major derivatives player CME. The CME is pushing back against what it views as a deviation from the law. This development has led to a battle between the two entities over the regulation of on-chain perpetual futures.
Key Facts
- The CFTC's approval of crypto perpetual futures was granted several weeks ago, marking a significant milestone in the regulation of cryptocurrency derivatives.
- The CME is opposing the CFTC's move, arguing that it diverges from the law and potentially undermines the established regulatory framework for derivatives.
- The dispute between the CME and CFTC centers on the regulation of on-chain perpetual futures, a type of financial instrument that allows for continuous trading of cryptocurrency-based contracts.