Hyperliquid and trade(XYZ) urge SEC to consider pre-IPO perpetuals

20th August, 2026

Narayani Srinivasan
Digital globe with network connections in blue data centre corridor.

The decentralised exchange and the pepetuals deployer have urged the regulator to consider pre-initial public offering (IPO) perpetuals as a legitimate derivatives product for continuous price exposure to firms' shares ahead of their public listings.

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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
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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