Exchange Stocks Tumble as Regulators Greenlight Bitcoin Perpetual Futures

Deep News06-03

Shares of major exchanges have declined following regulatory approval for Bitcoin perpetual futures, amid market concerns that the new trading products could pose a significant threat to Wall Street.

The CME Group, renowned as a platform for derivatives and futures trading, has fallen approximately 9% over the past two days.

Cboe Global Markets Inc (NASDAQ: CBOE)

Cboe Global Markets has plunged 16% this week. Both companies are on track for their largest weekly declines since 2020.

Intercontinental Exchange Inc (NYSE: ICE)

Intercontinental Exchange, the parent company of the New York Stock Exchange, fell over 3% on Tuesday and is down 5% for the week so far.

Nasdaq Inc (NASDAQ: NDAQ)

Nasdaq's stock tumbled more than 6% in late trading, dragging its performance for the week into negative territory.

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