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According to Bloomberg, Terry Duffy, CEO of the Chicago Mercantile Exchange Group (CME Group), expressed "great concern" about the approval of perpetual contracts by US regulators. Duffy stated that such contracts have limited impact on institutional investors, but they expose retail investors to excessive risk. He completely disagrees with the CFTC's decision to quickly approve the first batch of crypto perpetual contracts and has called the CFTC chairman to express concerns. Duffy warns that perpetual contracts and forecasting markets may trigger a frenzy of retail speculation, similar to the risky behavior before the 2008 financial crisis. The first batch of perpetual contracts approved by CFTC are listed on Kalshi, and multiple US exchanges are also discussing the launch of similar products.