Hyperliquid Policy Center Seeks Regulated Energy Perpetual Contracts for U.S. Markets

The Hyperliquid Policy Center and trade[XYZ] have submitted a joint comment letter to the U.S. Commodity Futures Trading Commission (CFTC) requesting the creation of a regulated pathway for energy perpetual contracts.

The submission argues that energy perpetuals would provide hedgers with continuous price exposure without the cost and timing risk associated with rolling expiring futures.

trade[XYZ] reports that its WTI, Brent, and Henry Hub natural gas markets have handled over $500 billion in cumulative volume since launching in October 2025.

The filing ties its request to a concrete market-structure gap, where conventional energy markets close for the weekend, leaving hedgers with no regulated venue to adjust crude exposure.