Cboe and Citadel Securities Are Suing to Overturn the CFTC's Approval of Stock Perpetual Futures. Could That Slow Hyperliquid?

Cboe and Citadel Securities sued hours after regulators approved stock perpetual futures for U.S. exchanges, putting billions of dollars in potential trading volume in legal limbo. The dispute also raises questions about whether the approval could widen offshore platform Hyperliquid’s competitive advantage.