📰 Are perps swaps? A quick look at that CME suit: State of Crypto
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$1.4 trillion - that's the size of the perpetual swaps market. But a new lawsuit just threw a wrench in the works. The CME Group is suing the CFTC over its approval of Kalshi's perpetual futures product.
The CME claims the CFTC didn't follow proper procedures. This could have big implications for $BTC and $ETH perpetual swaps.
Is this a bearish sign for crypto? I think so. If the lawsuit succeeds, it could limit the growth of perpetual swaps in the US. What do you think - will this lawsuit hurt $BNB and $SOL prices? 🚀💰 #cryptomarkets #perpetualswaps #CMEvsCFTC
━━━━━━━━━━━━━━━━━━━━
$1.4 trillion - that's the size of the perpetual swaps market. But a new lawsuit just threw a wrench in the works. The CME Group is suing the CFTC over its approval of Kalshi's perpetual futures product.
The CME claims the CFTC didn't follow proper procedures. This could have big implications for $BTC and $ETH perpetual swaps.
Is this a bearish sign for crypto? I think so. If the lawsuit succeeds, it could limit the growth of perpetual swaps in the US. What do you think - will this lawsuit hurt $BNB and $SOL prices? 🚀💰 #cryptomarkets #perpetualswaps #CMEvsCFTC