OKX CEO Star: Due to regulatory concerns, we have not launched similar Hyperliquid products and hope that the industry will receive a clear regulatory framework.

BlockBeats News, September 21st, OKX CEO Star posted on X, stating, "Hyperliquid has proven that on-chain perpetual contract business can achieve tremendous success even with very few employees. Today, more competitors like Aster are entering this field. OKX Web3 has also been testing similar products since 2023, but due to regulatory concerns, we have chosen not to launch on the mainnet."

While on-chain perpetual contract growth is taking place, we must not forget the CFTC's enforcement action against Deridex in 2023. The regulatory enforcement landscape has fundamentally shifted, and we hope the industry can soon gain the much-needed regulatory clarity."