Derivatives

The contracts go live on 17 September with USDT settlement, fractional lots and no 100-share minimum. SpaceX was already the most-traded equity perpetual in June at more than $66 billion of volume.

The comment letter is the clearest signal yet that Hyperliquid intends to be regulated in the United States rather than merely referenced by policymakers. President Trump named the platform at an 18 August press conference.

HDR Global Trading told users the exchange will sunset on 23 September, and any KYC-verified balances left on the platform after that pay $50 a month or 1% of the balance a year, whichever bites harder.

HYPE crossed $56 on May 21 and Hyperliquid's fully diluted valuation overtook Solana's, while Bitwise and 21Shares ETFs combined for a record $25.5 million in net inflows the day before.

The CFTC handed Gemini's clearing affiliate a Derivatives Clearing Organization licence, giving the Winklevoss-run exchange the right to clear and settle every futures, options and prediction-market trade it routes through its US marketplace in house.

A week after Iran's Strait of Hormuz reopening sent bitcoin past $75,000, the rally has run into a concentrated band of sell orders and increasingly nervous derivatives positioning.

Payward's acquisition of Chicago-based Bitnomial gives it a designated contract market, a derivatives clearing organisation and a futures commission merchant under one roof — shortcuts that would have taken years to build from scratch.

OKX has launched X-Perps, a MiFID-regulated perpetual-style derivatives product offering up to 10x leverage across ten trading pairs, available to retail and institutional traders across the European Economic Area.

Perpetual futures funding rates on Binance have stayed below zero since early March, matching a pattern last seen in late 2022 that preceded a sustained price recovery.

New CEO Stephen Gregory is steering the exchange beyond spot crypto trading into prediction markets and derivatives after its US market share collapsed from 20 per cent to almost nothing following a $4.3 billion federal penalty and years of regulatory turmoil.

CME Group will list Avalanche and Sui futures on 4 May, extending its regulated crypto derivatives lineup to nine assets as the exchange prepares to move all digital asset products to round-the-clock trading later that month.

Hyperliquid, a decentralized perpetual futures exchange, entered the top 10 derivatives platforms by volume in Q1 2026, competing alongside Binance.

Hyperliquid, a specialized decentralized exchange for perpetual futures derivatives, exceeded $1 billion in daily trading volume in February 2025, operating on its custom-built layer 1 blockchain with sub-second settlement.

BitMEX has emerged as one of the world's largest cryptocurrency futures exchanges, processing over $2 billion in average daily crypto trades and serving as the primary venue for bitcoin derivatives trading.