Hyperliquid Policy Center, together with tradeXYZ, calls on CFTC to approve energy perpetual contracts

Odaily reported that the Hyperliquid Policy Center, together with tradeXYZ, has submitted a joint comment letter to the U.S. Commodity Futures Trading Commission (CFTC), urging regulators to bring energy-based perpetual contracts into the U.S. regulated derivatives market. The two firms stated that during periods when traditional energy markets are closed due to sudden events such as conflicts in the Middle East, market participants lack real-time tools to manage crude oil risk, while blockchain-based perpetual contract markets can provide round-the-clock price discovery and risk hedging channels.

HPC noted that during previous Middle East conflicts, traditional U.S. energy futures markets were closed, while overseas traders were able to manage risk through crude oil perpetual contracts on Hyperliquid. Data shows that during the first weekend of the conflict, approximately two-thirds of the price movement in global oil prices—from Friday's close to the reopening of traditional markets—had already been completed in advance via on-chain markets.