CME Group · Singapore · The Block
‘Every single exchange’ will have to adopt public blockchain infrastructure to compete, Hyperliquid Policy Center CEO says
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Hyperliquid Policy Center CEO Jake Chervinsky said Tuesday that "every single exchange," including CME Group and Intercontinental Exchange (ICE), will have to adopt public blockchain infrastructure within a decade if exchanges want to compete.
Key facts
- Hyperliquid Policy Center CEO Jake Chervinsky said Tuesday that "every single exchange," including CME Group and Intercontinental Exchange (ICE), will have to adopt public blockchain infrastructure
- Speaking with The Block at the Digital Asset Summit 2026 Asia in Singapore, the crypto policy expert said that Hyperliquid (HYPE) is not an exchange but infrastructure that can be utilized
- The Hyperliquid Policy Center CEO further dismissed CME's recent decision to withdraw its plan for around-the-clock energy futures, citing staffing issues
- This came after U.S. President Donald Trump announced that the Commodity Futures Trading Commission would bring Hyperliquid onshore in a compliant manner
Summary
Speaking with The Block at the Digital Asset Summit 2026 Asia in Singapore, the crypto policy expert said that Hyperliquid (HYPE) is not an exchange but infrastructure that can be utilized by different players, including those in the U.S. Chervinsky compared the Hyperliquid protocol to Bitcoin, Ethereum, and Solana, and said a public blockchain has no reason to register as an exchange.