Traditional Financial Exchanges Sound Alarm on HYPE's Commodity Perps

HYPE

HYPE/USDT

$57.621

+1.07%

$57.621

+1.07%

(24s)

24h Volume

$241,180,503.29

24h H/L

$58.06 / $56.77

Change: $1.29 (2.27%)

Funding Rate

+0.0051%

Longs pay

Data provided by COINOTAG DATALive data

HYPE

Daily

$57.49

▲ 0.98%

Volume (24h): -

Resistance Levels

Resistance 3$64.5213

Resistance 2$59.8369

Resistance 1$57.5833

Price$57.49

Support 1$56.714

Support 2$54.9629

Support 3$53.0016

Pivot (PP):$56.7333

Trend:Sideways

RSI (14):51.5

Cointelegraph Staff

(09:42 PM UTC)

1 min read

Reviewed byJames Mitchell

0 comments

Intercontinental Exchange (ICE) and the Chicago Mercantile Exchange (CME), the two biggest exchanges for energy-linked commodities, are pressuring US regulators to clamp down on the Hyperliquid decentralized exchange’s expansion into commodity markets.

Executives from both companies say that Hyperliquid’s energy-linked onchain derivatives create insider trading and price manipulation risks…