CME Group · The Block
Hyperliquid Policy Center argues onchain perps offer efficiency, transparency as ICE and CME reportedly press for CFTC oversight
Compiled by KHAO Editorial — aggregated from 2 sources. See llms.txt for citation guidance.
◎ Multiple-sources
The Hyperliquid Policy Center, the new U.S.-based advocacy group led by prominent crypto industry lawyers and lobbyists, argued that Hyperliquid offers a new model for market integrity and transparency in response to a alleging that Intercontinental Exchange and CME Group are pressing the Commodity Futures Trading Commission to rein in their upstart blockchain-based competitor.
Key facts
- Hyperliquid also offers 24/7 trading, an innovation that substantially increases market efficiency
- On Friday, that ICE and CME, the world’s largest energy exchanges, have been holding conversations on the Hill about the alleged risks Hyperliquid presents, particularly related to the manipulation
- ’s sources, CME and ICE have been pushing for Hyperliquid to register with the CFTC, which would require Hyperliquid to boost its customer tracking and trade monitoring responsibilities and place it
- Continuous trading eliminates gaps and discontinuities between legacy market hours, improving price discovery for all participants," the Hyperliquid Policy Center said Friday on X
Summary
On Friday, that ICE and CME, the world’s largest energy exchanges, have been holding conversations on the Hill about the alleged risks Hyperliquid presents, particularly related to the manipulation of global oil prices. Hyperliquid, the onchain perps exchange, has become an increasingly popular venue for commodities trading, in part because it operates in off-market hours and on the weekend. "Hyperliquid also offers 24/7 trading, an innovation that substantially increases market efficiency.