{"id":129855,"date":"2025-05-23T09:17:13","date_gmt":"2025-05-23T09:17:13","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=129855"},"modified":"2025-05-23T09:17:13","modified_gmt":"2025-05-23T09:17:13","slug":"hyperliquid-backs-24-7-crypto-trading-in-cftc-comments-submission","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=129855","title":{"rendered":"Hyperliquid backs 24\/7 crypto trading in CFTC comments submission"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsHyperliquid, a decentralized perpetuals exchange operating on its own layer-1 blockchain, has submitted formal comments on 24\/7 derivatives trading to the United States Commodity Futures Trading Commission (CFTC).<br \/>\nIn a May 23 X post, Hyperliquid Labs announced that it has \u201csubmitted two comment letters to the [CFTC] in response to its recent Requests for Comment on perpetual derivatives and 24\/7 trading.\u201d The team behind the decentralized exchange (DEX) added:<br \/>\n\u201cWe commend the CFTC for its proactive engagement on these topics, understanding of which is fundamental to the evolution of global markets.\u201d<br \/>\nHyperliquid stated that it is committed to the advancement of the decentralized finance (DeFi) space. The team also claimed that its implementation \u201cexemplifies how core DeFi principles can be put into practice to enhance market efficiency, market integrity, and user protection.\u201d<br \/>\nSource: HyperliquidRelated: CFTC exodus: Fourth commissioner to depart &#8216;later this year&#8217;<br \/>\nCFTC\u2019s 24\/7 derivatives plans<br \/>\nHyperliquid\u2019s remarks follow CFTC Commissioner Summer Mersinger recently saying that crypto perpetual futures contracts could receive regulatory approval in the US \u201cvery soon.\u201d Perpetual crypto futures \u201ccan come to market now,\u201d she said.<br \/>\n\u201cWe\u2019re seeing some applications, and I believe we\u2019ll see some of those products trading live very soon,\u201d Mersinger said. She also added that it would be \u201cgreat to get that trading back onshore in the United States.\u201d<br \/>\nPerpetual futures contracts are a type of derivative that allows traders to speculate on the price of a crypto asset without owning it, similar to traditional futures, but with no expiration date. Such contracts remain open indefinitely and are kept in line with the spot market price using a funding rate mechanism, where payments are exchanged between long and short positions at regular intervals.<br \/>\nRelated: CFTC commissioner will step down to become Blockchain Association CEO<br \/>\nCrypto derivatives are a busy area<br \/>\nThe crypto derivatives market has recently been swarming with announcements of product launches, acquisitions and regulatory developments. Coinbase CEO Brian Armstrong recently said the exchange\u00a0will continue to look for merger and acquisition opportunities after acquiring crypto derivatives platform Deribit.<br \/>\nArmstrong\u2019s remarks followed Coinbase\u2019s\u00a0agreement to acquire Deribit, one of the world\u2019s biggest crypto derivatives trading platforms. Europe is seeing just as much hustle in the crypto derivatives industry as the Americas are.<br \/>\nMajor crypto exchange Gemini has also recently received regulatory approval to\u00a0expand crypto derivatives trading across Europe.\u00a0Elsewhere, DeFi platform Synthetix\u00a0will also venture further into crypto derivatives, with plans to re-acquire the crypto options platform Derive.<br \/>\nMagazine: TradFi is building Ethereum L2s to tokenize trillions in RWAs: Inside story<a href=\"https:\/\/cointelegraph.com\/news\/hypehyperliquid-cftc-comments-crypto-derivatives-tradingrliquid?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsHyperliquid, a decentralized perpetuals exchange operating on its own layer-1 blockchain, has submitted formal comments on 24\/7 derivatives trading to the United States Commodity Futures Trading Commission (CFTC).&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/129855"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=129855"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/129855\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=129855"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=129855"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=129855"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}