Business & Economy · 24 views
The CFTC has sparked a potential revolution on Wall Street. Exchange stocks are dropping
Shares of exchange stocks are tumbling after the regulatory approval of perpetual futures for bitcoin ignited concerns that a new wave of trading products could pose an existential threat for Wall Street.
Summary
Shares of exchange stocks are tumbling after the regulatory approval of perpetual futures for bitcoin ignited concerns that a new wave of trading products could pose an existential threat for Wall Street. CME Group , known for its derivatives and futures trading platforms, dropped more than 2% in Tuesday's session. The stock is down more than 8% over the last two days and is poised to record its biggest weekly drop since 2020.
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