The team also claimed that its implementation “exemplifies how core DeFi principles can be put into practice to enhance market efficiency, market integrity, and user protection.”Source: HyperliquidRelated: CFTC exodus: Fourth commissioner to depart 'later this year'CFTC’s 24/7 derivatives plansHyperliquid’s remarks follow CFTC Commissioner Summer Mersinger recently saying that crypto perpetual futures contracts could receive regulatory approval in the US “very soon.” Perpetual crypto futures “can come to market now,” she said.“We’re seeing some applications, and I believe we’ll see some of those products trading live very soon,” Mersinger said.
In a May 23 X post, Hyperliquid Labs announced that it has “submitted two comment letters to the [CFTC] in response to its recent Requests for Comment on perpetual derivatives and 24/7 trading.” The team behind the decentralized exchange (DEX) added:“We commend the CFTC for its proactive engagement on these topics, understanding of which is fundamental to the evolution of global markets.”Hyperliquid stated that it is committed to the advancement of the decentralized finance (DeFi) space.
She also added that it would be “great to get that trading back onshore in the United States.” Perpetual 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.
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Author / Journalist: Cointelegraph by Adrian Zmudzinski
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