Hyperliquid Supports 24/7 Crypto Derivatives Trading

Hyperliquid Champions 24/7 Crypto Trading in U.S. CFTC Comment Submission

Decentralized exchange Hyperliquid has taken a firm stance in support of 24/7 perpetual derivatives trading, submitting formal comments to the United States Commodity Futures Trading Commission (CFTC).

In a post on X (formerly Twitter) dated May 23, Hyperliquid Labs revealed it had submitted two comment letters in response to the CFTC’s recent Requests for Comment (RFC) on crypto derivatives and round-the-clock trading.

“We commend the CFTC for its proactive engagement on these topics, understanding of which is fundamental to the evolution of global markets,” the team stated.

Hyperliquid operates a decentralized perpetuals exchange on its own layer-1 blockchain and is focused on implementing core DeFi principles to enhance market efficiency, integrity, and user protection.

Source: Hyperliquid

CFTC Looks to Greenlight 24/7 Derivatives

The comments come as CFTC Commissioner Summer Mersinger recently indicated that perpetual crypto futures contracts could soon be approved for trading in the U.S.

“We’re seeing some applications, and I believe we’ll see some of those products trading live very soon,” Mersinger said, adding that she supports bringing that activity “back onshore” to the U.S.

Perpetual futures are a type of derivative that allows traders to speculate on crypto asset prices without owning the underlying asset. These contracts don’t have expiration dates and remain aligned with spot prices through funding rate mechanisms.

Growing Momentum in Crypto Derivatives

Hyperliquid’s submission reflects a broader wave of activity in the crypto derivatives space, with major players expanding globally.

Recently, Coinbase CEO Brian Armstrong confirmed that the company will pursue more mergers and acquisitions following its agreement to acquire Deribit, one of the largest crypto derivatives platforms.

Similarly, Gemini has secured regulatory approval to expand its derivatives trading operations across Europe, while Synthetix announced plans to re-acquire Derive, a crypto options platform, as part of its growing DeFi derivatives strategy.

With DeFi platforms like Hyperliquid driving innovation and regulatory clarity on the horizon, 24/7 crypto derivatives trading could soon become a mainstream reality in the U.S. financial landscape.