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CFTC Approves Crypto Perps, CME CEO Warns Leverage Risks

6/6/2026

Summary

Story summary

The Commodity Futures Trading Commission (CFTC) approved crypto perpetual futures on May 29, 2026, with up to 50-to-1 leverage.
On June 4, 2026, CME CEO Terry Duffy warned that automatic liquidations and high leverage could cause losses for inexperienced traders.
Shares of CME, CBOE and Intercontinental Exchange fell after the approval, while Duffy said 85-90% of CME’s business is institutional, perps won’t affect futures, process hasty, and Kalshi launched Bitcoin and Ethereum perpetual futures.

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Story summary

The Commodity Futures Trading Commission (CFTC) approved crypto perpetual futures on May 29, 2026, with up to 50-to-1 leverage.
On June 4, 2026, CME CEO Terry Duffy warned that automatic liquidations and high leverage could cause losses for inexperienced traders.
Shares of CME, CBOE and Intercontinental Exchange fell after the approval, while Duffy said 85-90% of CME’s business is institutional, perps won’t affect futures, process hasty, and Kalshi launched Bitcoin and Ethereum perpetual futures.