Intercontinental Exchange held multiple meetings with the Hyperliquid team to explore areas of common business, as revealed by Jeffrey Sprecher, chairman and CEO of the company, during a fireside chat at the Bernstein conference.
Sprecher clarified that the previously reported conversations with lawmakers on Capitol Hill were not lobbying efforts against the platform, but rather exploratory consultations aimed at evaluating ICE’s entry into the onchain perpetuals market, currently dominated by Hyperliquid.
The CEO noted that the company’s position before regulators is to demand a level playing field: if Hyperliquid can operate perpetual contracts on commodities 24 hours a day, seven days a week, Intercontinental Exchange should be able to do so as well. “Why are we prohibited from doing it when it’s already happening? And if they don’t consider it legal, why don’t they receive the same threatening letters they send to us?”, Sprecher stated.
The executive also highlighted the strong interest of traditional traders in Hyperliquid’s oil markets during weekends, especially during moments of geopolitical tension in the Middle East.
Intercontinental Exchange is currently working with OKX to list perpetual contracts on oil referenced to the company’s Brent Crude and WTI Crude benchmarks.
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