Muyao Shen

Trade.xyz and Hyperliquid Seek US Approval for 24/7 Perpetuals

Trade.xyz and Hyperliquid are asking US regulators to permit round-the-clock trading in perpetual derivatives tied to US stocks, commodities and pre-IPO companies. Bloomberg’s Muyao Shen reports that the platforms argue these contracts can provide price signals when conventional markets are closed—and, for companies such as SpaceX, before a listed market exists—while keeping trading in US-linked assets from remaining offshore.