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Crypto futures exchange saw a rebound in perpetual funding
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Crypto futures exchange saw a rebound in perpetual funding during Asian trading hours, paralleling emerging market equities opening stronger amid positive macro cues. "Currently, a lot of token-related investment products and services are being regulated kind of on an ad hoc basis at the state and federal level," Jerry Comizio, associate director of the business law program at American University's Washington College of Law, told Yahoo Finance. The expansion comes as CME's crypto derivatives business reaches unprecedented scale. The exchange said it hit $39 billion in notional open interest on September 18, while August saw record average daily open interest of 335,200 contracts, or up 95% year-over-year and representing $31.6 billion in notional value. Crypto futures exchange hedging ratios dropped by 1.8 points, suggesting reduced downside protection and a pivot toward speculative upside bets in both crypto and equities.