Hyperliquid Seeks CFTC Approval for Energy Perpetual Contracts

Two groups tied to the Hyperliquid blockchain platform have asked US regulators to allow regulated perpetual contracts for energy markets. The Hyperliquid Policy Center and trade[XYZ] sent a joint letter to the Commodity Futures Trading Commission on August 26. They want the agency to permit perpetual contracts linked to West Texas Intermediate crude, Brent crude, and Henry Hub natural gas.

The groups argue that these contracts could help firms hedge energy risk over weekends when US futures markets are closed. According to a study cited in the letter, Hyperliquid's onchain energy markets have already handled more than $500 billion in trading volume since October 2025. The same study found that perpetual prices predicted nearly 75% of Sunday reopening levels.

The CFTC is reviewing the idea but has not approved energy perpetuals yet. The agency wants a solid, data-based record before making any changes to trading hours or contract types. As part of their proposal, the groups are asking the CFTC to treat blockchain-based trading systems the same as traditional ones, as long as they meet existing rules.