According to ChainCatcher, the Hyperliquid Policy Center stated that Hyperliquid, as an on-chain perpetual contract trading platform, can provide a new model for market integrity and transparency. The organization stated that Hyperliquid publishes all on-chain transaction records in real time, which helps regulators and law enforcement agencies monitor, identify, and investigate, and also reduces the risk of insider trading and price manipulation.
Previous reports indicated that ICE and CME were in discussions with US regulators, urging the CFTC to strengthen oversight of Hyperliquid, citing concerns that its 24/7 commodity trading operations could pose a manipulation risk to global oil prices and other markets. Hyperliquid has recently experienced rapid growth in the commodity trading sector, partly due to its support for non-traditional trading hours and weekend trading.
21Shares and Bitwise also launched Hyperliquid-related ETFs this week, noting increased trading activity in oil and metals on their platforms. The Hyperliquid Policy Center believes that 24/7 trading can actually improve market efficiency because price changes don't stop when traditional exchanges close; continuous trading helps reduce trading gaps and improve price discovery.
