Hyperliquid Responds to Bloomberg's Perpetual Contract Market Doubts: Concerns Lack Basis

On May 15th, Hyperliquid Policy Center, under Hyperliquid, published a response to Bloomberg's report on the integrity and market impact of its perpetual derivatives market, stating that the concerns raised by some traditional exchanges are "unfounded." Hyperliquid claims that by making all transaction records publicly available on-chain in real-time, it enhances market transparency, and that such mechanisms help curb insider trading and price manipulation. Hyperliquid also emphasized that the platform offers a 24/7 continuous trading mechanism, which can reduce price gaps and liquidity breaks during traditional market closures, thereby improving price discovery efficiency. It also stated that current US laws have not yet established clear rules for derivatives markets on public blockchains, and that it will continue to work with Washington policymakers in the future to promote the inclusion of on-chain markets within the regulatory framework.