CME and NYSE Call for Enhanced Regulation of Hyperliquid, Focusing on Market Manipulation and Sanctions Evasion Risks

Odaily reported that CME Group and Intercontinental Exchange, the parent company of the New York Stock Exchange, are reportedly pushing U.S. regulators to strengthen oversight of decentralized derivatives platform Hyperliquid, citing concerns over potential market manipulation and risks related to sanctions evasion.

It is understood that these two traditional financial market infrastructure giants worry that on-chain perpetual contract platforms like Hyperliquid, operating without a unified regulatory framework, could impact the existing derivatives market structure and pose cross-border compliance challenges. While discussions are still in their early stages, they have sparked further attention on whether on-chain derivatives should be brought under the traditional regulatory system.