Krypto Exchange OKX built a decentralized Perpetuals Trade Platform, but continued to start because of the founder, Hyperlij and Aster, but due to regulatory concerns.
OKX’s web3 branch developed anonymous platform in 2023, OKX Founder and CEO star XU in question In an X post on Sunday.
“Hyperliquid has proven that the great success in Onchain Perps can be achieved with very few employees.
“OKX Web3 has been testing a similar product since 2023, but we chose not to start Mainnet because of regulatory concerns.”
Central Permanent changes explode
Hyperliquid, released in 2024, has become one of the best Perpetuals of the decentralized finance (defi) and recorded its most powerful month in July with a transaction volume of approximately $ 319 billion.
Meanwhile, the Aster, which was initiated as an aster chain in July, is a crypto derivative stock exchange supported by the CZ LABS and initiated as a direct rival for hyperliics. In the last 30 days, over 22 billion dollars of transaction volume recorded, in accordance with To the fashion show.
Regulatory concerns with shelf plans
XU did not specify how much the product was progressing, but in September 2023, the Commodity Futures Trade Commission (CFTC) executed Deridex as anxiety.
In 2023 sanction action, CFTC allegedly That Deridex has exiled illegal digital asset derivatives and does not register as a trade executive facility or a term commission trader, especially targeting continuous swaps.
Other protocols, OPYN and ZEROEX are also mentioned in the application action to present the leverage and marginal retail commodity procedures illegally in digital assets.
“While celebrating the growth of Onchain Perps, we should not forget the execution of the CFTC against Deridex in 2023. The regulatory practice has changed on a basically change of industry, which can soon become a very needed clarity.”
Relating to: Crypto We: Rays, equipment and arrangement – New Crypto Economy
Blowing Winds of Change
Since the election of crypto -friendly US President Donald Trump in January, there has been a significant change in the US regulatory stance.
On Saturday, CFTC added new members to the Global Market Advisory Committee and sub -committees by adding several crypto industries leader to the sub -committee of digital asset markets.
At the same time, the White House’s report on the crypto monetary policy published in July suggested that the supervision of digital assets between CFTC and the Stock Exchange Commission should be shared and CFTC should be under surveillance on spot crypto markets.
Magazine: SEC’s U -turn in Crypto leaves key questions unanswered
