ICE, CME press US regulators to 'rein in' Hyperliquid energy trading: Report

The Hyperliquid decentralized exchange allows anyone who stakes 500,000 HYPE tokens, valued at roughly $22.2 million, to deploy new markets.

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, according to Bloomberg, which cited unnamed sources familiar with the ongoing talks with US regulators.

ICE and CME cited the “anonymous” and “unregulated” nature of Hyperliquid as major risks to critical energy markets, like oil and gas, which could be used by state actors to circumvent sanctions, the report added.

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