Crypto Firms Push for Regulated Energy Perpetual Contracts in US Markets
Two prominent players in the crypto space have submitted a joint proposal to the U.S. Commodity Futures Trading Commission (CFTC) to allow regulated energy perpetual contracts and 24/7 trading in U.S. markets.
Hyperliquid Policy Center and tradeXYZ, which operate on Hyperliquid since October 2025, argue that perpetual contracts could improve hedging and price discovery when traditional futures markets are closed.
The proposal covers products tied to WTI crude, Brent crude, and Henry Hub natural gas. Unlike standard futures, perpetual contracts have no fixed expiry date, with funding payments helping keep contract prices close to the assets they track.
The groups said perpetual contracts should trade alongside standard futures rather than replace them, with dated futures continuing to serve traders who need specific delivery months or physical settlement.