Summary
- BitMEX co-founder Arthur Hayes publicly backed decentralized derivatives platform Hyperliquid.
- Hayes said Hyperliquid (HYPE) is "better than CME and ICE," underscoring its rivalry with traditional financial exchanges.
- The market sees perpetual futures trading, regulatory action, and whether institutional investors enter the platform as key variables for Hyperliquid's growth.
Forecast Trend Report by Period
BitMEX co-founder Arthur Hayes publicly endorsed decentralized derivatives platform Hyperliquid, highlighting its growing rivalry with traditional financial exchanges.
On May 15, Hayes wrote on X, formerly known as Twitter, that "Hyperliquid (HYPE) is better than CME and ICE," adding, "Long live Hyperliquid."
CME Group and the New York Stock Exchange had previously called for regulation of Hyperliquid.
Hyperliquid has recently been rapidly expanding its market share, led by perpetual futures trading.
The industry views the trend of decentralized derivatives exchanges competing with centralized exchanges and traditional derivatives markets as gaining momentum.
Regulatory action and whether institutional investors enter the platform are seen as key variables for Hyperliquid's growth.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
