HPC wants perps regulated under MiFID II, not MiCA

2nd October, 2026

Karry Lai

The Hyperliquid Policy Center (HPC) has called for on-chain perpetual contracts to be treated as traditional derivatives under MiFID II guidance.

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ABN AMRO
Bank of America
CBOE
Citi
Goldman Sachs
DRW Holdings
HSBC
J.P Morgan
Marex
Morgan Stanley
SGX
SocGen
Susquehanna
MUFG Investor Services
TP ICAP
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