Hyperliquid and TradeXYZ Urge CFTC to Open Door to 24/7 U.S. Oil Trading

Hyperliquid Policy Center and tradeXYZ want the CFTC to create a regulated route for U.S. energy perpetuals. Their proposal targets weaknesses exposed during the Middle East conflict. Oil markets closed as geopolitical risks intensified, leaving businesses without hedging tools. Meanwhile, offshore traders used Hyperliquid’s oil contracts before reopening.

Different Model for Energy Markets

The groups argue that perpetuals could complement dated futures. Perpetuals avoid rollovers and concentrate liquidity. Smaller contracts could give businesses access to crude exposure.

Moreover, the groups refer to onchain infrastructures as the basis for ongoing trading. Hyperliquid markets feature automatic margin checks, liquidations, and records. Consequently, participants can manage positions throughout weekends and market closures.

The CFTC approved regulated perpetuals in…

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