Traditional Financial Exchanges Sound Alarm on HYPE's Commodity Perps

HYPE

HYPE/USDT

$88.894

+4.31%

$88.894

+4.31%

(24s)

24h Volume

$945,723,489.76

24h H/L

$89.63 / $84.68

Change: $4.95 (5.85%)

Funding Rate

+0.0053%

Longs pay

Data provided by COINOTAG DATALive data

HYPE

Daily

$88.62

▲ 3.73%

Volume (24h): -

Resistance Levels

Resistance 3$104.625

Resistance 2$98.2013

Resistance 1$91.0304

Price$88.62

Support 1$85.2733

Support 2$81.5767

Support 3$74.9306

Pivot (PP):$85.1033

Trend:Uptrend

RSI (14):68.0

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…