Wall Street Giants CME and NYSE Push for Hyperliquid Oversight
CME Group and Intercontinental Exchange, the parent company of the New York Stock Exchange, are urging U.S. regulators and lawmakers to increase scrutiny of decentralized derivatives exchange Hyperliquid, according to a Bloomberg report. The two exchange operators have concerns with officials at the Commodity Futures Trading Commission and members of Congress over Hyperliquids fast-growing perpetual futures market. Their concerns center on market manipulation, sanctions evasion and the possible effect of decentralized trading activity on traditional commodity price discovery. Hyperliquid has become one of the largest on-chain derivatives venues, with strong trading volume in perpetual futures and synthetic exposure to assets such as commodities and equities. The platform operates around the clock and allows users to trade leveraged products outside traditional exchange hours. The report said CME and ICE believe Hyperliquids decentralized structure and largely anonymous trading environment could allow bad actors to influence prices or avoid financial restrictions. The firms are reportedly pressing for greater oversight, including possible CFTC registration requirements for platforms offering derivatives to U.S. users. CME and ICE Raise Market-Manipulation Concerns CME and ICE operate some of the world‘s largest regulated derivatives and commodity markets. Their concerns reportedly focus on whether Hyperliquid’s trading activity could affect reference prices in areas such as









