Hyperliquid Lobbying Organization Responds to Bloomberg Report: Traditional Trading Platforms' Concerns Over Its Perpetual Futures Market Are "Baseless"

BlockBeats News, May 15th, the Hyperliquid lobbying organization Hyperliquid Policy Center issued a statement, responding to Bloomberg's report today that some traditional exchanges have raised concerns about the integrity and impact of the Hyperliquid perpetual contract market, but these concerns are "unfounded." The statement mentioned that Hyperliquid provides higher market transparency, with all trades being instantly recorded on the public blockchain, serving as a natural deterrent to insider trading or price manipulation. This transparency also makes it easier for regulatory agencies and law enforcement to monitor, detect, and investigate.

The Hyperliquid Policy Center also stated that Hyperliquid offers a 24/7 continuous trading mechanism, which can enhance market efficiency. It believes that asset prices should not stop fluctuating due to traditional exchange closures, and continuous trading helps improve the price discovery mechanism. It also acknowledged Bloomberg's mention that current U.S. law has not established a specific regulatory framework for public blockchain derivative markets like Hyperliquid, expressing its expectation to continue cooperating with Washington policymakers to integrate on-chain markets into the regulatory system.

Previously, according to Bloomberg, CME and ICE are pushing U.S. regulatory agencies to oversee Hyperliquid due to concerns about market manipulation and sanctions evasion.