Jake Chervinsky, Chief Executive Officer of the Hyperliquid Policy Center, believes that Wall Street giants such as the Chicago Mercantile Exchange (CME) and the Intercontinental Exchange (ICE) will need to integrate public blockchains within 10 years to remain competitive. The Hyperliquid protocol positions itself as an underlying infrastructure allowing regulated platforms to deploy their own markets while maintaining control over their clients. In September, Payward, the parent company of Kraken, announced its intention to deploy perpetual contracts markets on Hyperliquid for its US clients, as part of a compliance approach with US authorities. The CME, which sued the CFTC to contest the classification of perpetual contracts, is according to Jake Chervinsky simply using a delaying tactic in the face of what is deemed an inevitable transition.
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