CME Group and ICE are pressing U.S. regulators to restrict Hyperliquid's offshore perpetual contracts tied to oil prices. The effort comes amid traditional exchanges' push into continuous trading, including CME's planned round-the-clock crypto futures launch.
CME Group and ICE are calling on U.S. officials to curb Hyperliquid's offshore oil-linked perpetual contracts. The move aligns with traditional exchanges expanding their own offerings for 24/7 trading and tokenized assets.
CME Group plans to launch round-the-clock cryptocurrency futures and options on May 29. The product line recorded $3 trillion in notional volume last year and is already 46 percent ahead of that pace this year. ICE's New York Stock Exchange is separately building a tokenized securities platform designed for continuous trading and instant settlement with stablecoins.
