Hyperliquid Seeks CFTC Approval for Regulated Energy Perpetual Contracts

Hyperliquid Policy Center (HPC) is seeking approval from the Commodity Futures Trading Commission (CFTC) to launch regulated energy perpetual contracts in US markets. This move aims to provide businesses with a 24/7 solution for managing oil and gas price risk during sudden market shocks, when traditional venues may be closed.

HPC argues that onchain systems can support continuous clearing, margining, and surveillance, making it an attractive option for traders. The group points to the recent Middle East conflict as an example of how energy exports were disrupted, causing oil markets to be closed, but allowing traders outside the US to use oil-linked perpetual contracts on Hyperliquid.

The CFTC has already begun looking at perpetual contracts beyond digital assets and allowed the first perpetual contracts to trade as futures on a US exchange in May. However, those contracts were limited to digital asset underliers. HPC's proposal seeks to create a regulated path for energy perpetual contracts in the US.