Hyperliquid group asks CFTC to allow energy perpetuals

Hyperliquid Policy Center and trade[XYZ] have asked the CFTC to permit regulated perpetual contracts tied to WTI crude, Brent crude, and Henry Hub natural gas after their markets recorded more than $500 billion in cumulative volume. Summary trade[XYZ] has operated perpetual markets on Hyperliquid since October 2025. The groups said continuous trading could help U.S. firms hedge energy exposure during weekends. Crude perpetual prices anticipated nearly 75% of the Sunday reopenings examined in a cited study. The filing proposes stablecoin margin, leverage limits, and regulated onchain market infrastructure. Hyperliquid Policy Center and trade[XYZ] said in an Aug. 26 joint filing that U.S. regulators can bring energy perpetual contracts into regulated markets without waiting for new legislation. Submitted in response to a Commodity Futures Trading Commission review, the letter calls for a legal path covering contracts linked to West Texas Intermediate crude, Brent crude, and Henry Hub natural gas. trade[XYZ], the first major third-party market deployer on Hyperliquid, has offered such products since October 2025. Its markets have generated more than $500 billion in cumulative trading ...