Hyperliquid responds to regulatory pressure, stating on-chain perpetual contracts are more transparent and efficient

Odaily Odaily Planet Daily reports that the Hyperliquid Policy Center stated that as an on-chain perpetual contract trading platform, Hyperliquid can provide a new model for market integrity and transparency. The institution claims that Hyperliquid publicly discloses all on-chain transaction records in real-time, which helps regulators and law enforcement agencies monitor, identify, and investigate, while also reducing the risks of insider trading and price manipulation.

Previously reported, ICE and CME are in communication with US regulators, requesting the CFTC to strengthen oversight of Hyperliquid, citing that its 24/7 operation of commodity trading may pose manipulation risks to markets such as global oil prices.

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 ETFs related to Hyperliquid this week, mentioning an increase in oil and metal trading activities on the platform.

The Hyperliquid Policy Center, however, believes that 24/7 trading can actually improve market efficiency because price changes do not stop when traditional exchanges are closed. Continuous trading helps reduce gaps in trading sessions and improves price discovery.