Select what genuinely interests you. Your picks feed directly into our editorial planning. A product that was born on offshore crypto exchanges and perfected by $Hyperliquid is now legal on Wall Street. On 3 November the Commodity Futures Trading Commission (CFTC) confirmed that perpetual futures on individual stocks can begin trading on registered US exchanges for the first time. HYPE jumped on the news. Here is what changed, what a stock perp actually is, and whether this helps or hurts Hyperliquid.