Hyperliquid Responds to Regulatory Pressure, Highlights Transparency of On-Chain Perpetual Contracts

ChainCatcher reports that the Hyperliquid Policy Center states that, as an on-chain perpetual futures trading platform, Hyperliquid offers a new model for market integrity and transparency. The organization notes that Hyperliquid publicly discloses all on-chain transaction records in real time, aiding regulators and law enforcement in monitoring, identifying, and investigating market activity, while also reducing the risks of insider trading and price manipulation. Previously, it was reported that ICE and CME have been in communication with U.S. regulators, urging the CFTC to strengthen oversight of Hyperliquid, citing concerns that its 24/7 commodity trading could pose manipulation risks to markets such as global oil prices. Hyperliquid has experienced rapid growth in commodity trading recently, partly due to its support for non-traditional trading hours and weekend trading. This week, 21Shares and Bitwise both launched ETFs linked to Hyperliquid, highlighting increased trading activity in oil and metals on the platform. The Hyperliquid Policy Center argues that round-the-clock trading enhances market efficiency, as price movements do not halt during traditional exchange closures; continuous trading helps reduce gaps between trading sessions and improves price discovery.