Have you noticed that nobody is seriously discussing whether onchain perps belong under traditional derivatives rules instead of crypto-specific ones?
Traders keep getting blindsided by regulatory shifts that freeze accounts or change margin requirements overnight. It is exhausting trying to trade $BTC and $ETH perps when you cannot even be sure the product will still be available next week.
The Hyperliquid Policy Center wants onchain perps classified under MiFID II rather than MiCA. This is the right call. These instruments function as derivatives, not as simple crypto tokens.
MiCA was built for asset issuers and token transfers. Applying it to perps creates gray areas that leave users with weaker safeguards than they would have in traditional markets. Treating them like MiFID II products could bring clearer rules, better disclosures, and more institutional participation around $HYPE .
Traders should map their current positions for any EU regulatory risk, monitor how their venues are responding to this debate, and adjust leverage accordingly. Do not wait for a sudden announcement to scramble.
Where do you think this goes from here for onchain perps?
#Perps #Regulation #OnchainPerps
Traders keep getting blindsided by regulatory shifts that freeze accounts or change margin requirements overnight. It is exhausting trying to trade $BTC and $ETH perps when you cannot even be sure the product will still be available next week.
The Hyperliquid Policy Center wants onchain perps classified under MiFID II rather than MiCA. This is the right call. These instruments function as derivatives, not as simple crypto tokens.
MiCA was built for asset issuers and token transfers. Applying it to perps creates gray areas that leave users with weaker safeguards than they would have in traditional markets. Treating them like MiFID II products could bring clearer rules, better disclosures, and more institutional participation around $HYPE .
Traders should map their current positions for any EU regulatory risk, monitor how their venues are responding to this debate, and adjust leverage accordingly. Do not wait for a sudden announcement to scramble.
Where do you think this goes from here for onchain perps?
#Perps #Regulation #OnchainPerps
