Hyperliquid Seeks Approval for Energy Perpetual Contracts

Hyperliquid Policy Center and trade[XYZ] have jointly asked the Commodity Futures Trading Commission (CFTC) to approve regulated perpetual contracts for West Texas Intermediate crude, Brent crude, and Henry Hub natural gas.

The groups argue that their onchain energy markets have already handled more than $500 billion in trading volume since October 2025, and that continuous trading could help firms hedge energy risk over weekends when U.S. futures markets are closed.

A study cited in the letter found that crude perpetual prices predicted nearly 75% of Sunday reopening levels, with Brent crude going on to trade near $120 a barrel by March 9 after conflict in the Middle East disrupted energy exports.