Hyperliquid, a decentralized perpetuals exchange operating on its own layer-1 blockchain, has officially commented on 24/7 derivatives trading to the United States Commodity Futures Trading Commission (CFTC). In a recent announcement, Hyperliquid Labs revealed that they have submitted two comment letters to the CFTC regarding perpetual derivatives and round-the-clock trading. The DEX team emphasized their dedication to advancing decentralized finance (DeFi) and highlighted how their implementation aligns with core DeFi principles to improve market efficiency, integrity, and user protection. This comes amidst CFTC Commissioner Summer Mersinger's statement that regulatory approval for crypto perpetual futures contracts in the US could happen soon. The crypto derivatives market is witnessing significant activity, with Coinbase acquiring Deribit and Gemini expanding crypto derivatives trading in Europe. Synthetix is also planning to delve deeper into crypto derivatives with the re-acquisition of Derive. Read more AI-generated news on: https://app.chaingpt.org/news