ICE, CME press US regulators to 'rein in' Hyperliquid energy trading: Report
Major exchanges ICE and CME are urging US regulators to restrict Hyperliquid's expansion into commodity derivatives, citing significant market manipulation and insider trading risks.Summary
Intercontinental Exchange (ICE) and the Chicago Mercantile Exchange (CME) are lobbying US regulators to intervene against the decentralized exchange Hyperliquid. The traditional exchange giants argue that Hyperliquid's energy-linked perpetual futures create systemic risks, including potential price manipulation, insider trading, and the circumvention of global sanctions due to the platform's unregulated, anonymous nature. This friction arises from Hyperliquid's recent introduction of 'Builder-Deployed Perpetuals' (HIP-3), which enables the creation of futures markets for any electronic asset. While the move has driven significant growth in HYPE token value and platform volume, traditional players view the encroachment of onchain infrastructure into commodity markets as a regulatory threat.
(Source：Cointelegraph)