CME CEO Terry Duffy warns crypto perpetual futures could threaten market stability

On June 4, Terry Duffy, CME Group’s chief, blasted perpetual futures, calling them “a disaster waiting to happen.” He warned that U.S. regulators could destabilize financial markets by allowing U.S. investors access to perpetual futures. Shares of major U.S. exchange operators are falling as investors worry these futures will shift competition across asset classes, according...