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Cumberland raises concerns over Hyperliquid's on-chain perpetual futures in the US amid regulatory and trading issues.

01 Nov 2026, 08:00 WIB
AMBCrypto
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Neutral
Cumberland raises concerns over Hyperliquid's on-chain perpetual futures in the US amid regulatory and trading issues.

Cumberland's CEO Don Wilson expressed caution about Hyperliquid's plan to introduce on-chain perpetual futures trading in the US, highlighting potential conflicts with CFTC rules and trading inefficiencies. Key concerns include the transparency of trades on Hyperliquid's order book, possible front-running via priority fees, and the merging of US and global order books. While some experts suggest privacy solutions, skepticism remains about the plan's viability. Hyperliquid's revenue has doubled recently, and if approved, partnerships with ICE and Kraken could further boost growth.

Hyperliquid (HYPE) trades at Rp1.593.041 on Pluang as of Nov 01, 2026 12:21 WIB, showing a slight decline of 0.71% in one day. The platform sees a high sell order activity at 80%, with typical holders keeping their positions for 38 days. Market cap stands at Rp403.3 trillion, reflecting significant investor interest despite regulatory concerns.

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