TL;DR
Hyperliquid, the decentralized perpetuals trading platform, has formally submitted comments to the U.S. Commodity Futures Trading Commission (CFTC) in support of 24/7 derivatives trading.
The company argues that this model improves market efficiency and transparency.
Currently, Hyperliquid leads the DeFi sector in trading volume and is advocating for a more flexible regulatory framework tailored to crypto-native products.
Hyperliquid, one of the most innovative decentralized trading platforms, has officially submitted a proposal to the CFTC in support of perpetual derivatives trading available 24 hours a day, 7 days a week. This strategic move comes in response to the agency’s recent request for public comments as it explores the viability and regulation of crypto markets that never shut down.
In its submission, Hyperliquid emphasizes that it already successfully operates under this model thanks to its own layer-1 blockchain, with a fully on-chain system offering total transparency, automated risk management, and user security.
The proposal not only reflects Hyperliquid’s commitment to the decentralized finance ecosystem but also poses a direct challenge to traditional financial market structures. According to the platform, crypto perpetual derivatives offer key advantages such as high liquidity, no expiration dates, and greater efficiency when integrated with smart contracts. These blockchain-powered products also eliminate intermediaries and significantly reduce operating costs, making the system more equitable and inclusive for small and independent investors worldwide, especially those previously excluded.
A Call for Smart and Forward-Thinking Regulation
Instead of forcing these products into outdated regulatory categories, Hyperliquid urges the CFTC to embrace a flexible regulatory approach focused on user safety and risk management. This view aligns with recent statements from Commissioner Summer Mersinger, who suggested that crypto perpetual futures could be approved for trading in the U.S. “very soon.”
This regulatory momentum unfolds as the global crypto derivatives market sees rapid expansion. While industry giants like Coinbase acquire platforms such as Deribit and Gemini moves forward in Europe, the competition is intensifying. Amid this surge, Hyperliquid has emerged as a leader, with more than 65% of trading volume across decentralized perpetuals platforms, $8.9 billion in open interest, and $3.2 billion in total value locked as of May.
By working closely with regulators, Hyperliquid aims to help establish a legal framework that doesn’t stifle innovation. Its idea is simple: the future of finance is decentralized, continuous, and transparent. The real challenge lies in adapting the rules to this new financial reality without slowing down the engine of technological progress.