Hyperliquid has been flagged by the UK Financial Conduct Authority, bringing regulatory scrutiny to one of the largest crypto perpetual futures venues.
Jeffrey Sprecher, founder and CEO of Intercontinental Exchange (ICE), has sparked discussion across the crypto industry after describing decentralized trading platform Hyperliquid as bigger than NASDAQ during a recent Bernstein conference. His remarks highlight the growing influence of crypto-native trading venues and the increasing attention they are receiving from traditional financial institutions.
ICE Chair Jeff Sprecher told a Bernstein conference his company has met multiple times with Hyperliquid, calling the 11-person platform "bigger than Nasdaq" two weeks after pressing regulators to rein it in.