Hyperliquid永续合约价格登陆彭博终端

Bloomberg Terminal introduces 24-hour real-time quotes for Hyperliquid perpetual contracts, further opening up institutional market data channels.

Bloomberg Terminal has added 24-hour real-time price streaming to some Hyperliquid perpetual contracts. This move integrates data from decentralized derivatives platforms into market systems widely used by professional traders and financial institutions.

Core Summary

Bloomberg end users can now monitor multiple sectors of Hyperliquid's sustainable market around the clock, covering cryptocurrencies, stocks, commodities, foreign exchange and indices. This integration is currently limited to market data services, allowing professional trading teams to compare and analyze Hyperliquid prices with traditional market reference data without direct trade execution. In September this year, Hyperliquid's Open Interest exceeded the US$18 billion mark with the increase in core sustainable market trading activity and the advancement of the HIP3 framework deployment.

At the same time, professional institutions have continued to expand their access to Hyperliquid through other channels, including market data feeds from DoubleZero and regulated sustainable products planned by Kraken's parent company Payward.

24/7 Monitoring: From Encryption to Traditional Assets

Bloomberg's Michael McDonough said that end users can monitor selected Hyperliquid sustainable markets around the clock by typing "WSL HYPE ." These markets cover contracts linked to cryptocurrencies, stocks, commodities, foreign exchange and indices.

这一更新使得彭博用户能够在同一环境中获取Hyperliquid的定价信息，并与其已通过终端跟踪的传统市场参考数据进行对比。尽管目前集成主要聚焦于市场数据和监控功能，并未提供在Hyperliquid上的直接交易执行权限，但专业用户仍可利用此新功能，将Hyperliquid市场上的价格与比特币、英伟达股票、标普500指数、布伦特原油以及欧元兑美元等工具进行比对，而无需切换到独立的数据平台。

数据规模突破新高

虽然Hyperliquid的交易活动主要围绕永续期货构建，但其市场范围早已超越加密货币领域。其HIP 3框架允许独立部署者创建与不同资产类别挂钩的永续合约。此后，与股票、大宗商品、指数及非上市公司相关的合约，已与Hyperliquid主要的加密市场并行发展。

该平台的全网交易活动在9月份创下新高。此前报道显示，Hyperliquid的未平仓合约价值于9月23日首次突破180亿美元，超越了四天前的163.6亿美元历史纪录。截至8月底，未平仓合约价值尚高于130亿美元，这意味着在短短几周内，新增的未平仓头寸约为50亿美元。其中，比特币、以太坊和HYPE代币占据了9月23日总价值的约93.3亿美元。

HIP 3市场构成了另一部分交易活动的重要组成。使用该框架的部署者引入了与标普500指数、黄金、原油以及场外私营公司挂钩的永续合约。彭博终端的接入意味着，这些部分市场的价格现在可以被纳入专业用户依赖的传统资产管理监控环境中。

基础设施层面的深度融合

彭博并非首个使Hyperliquid信息更易于被专业交易机构获取的基础设施提供商。今年9月，DoubleZero通过其Edge服务推出了五条Hyperliquid数据馈送，主要面向交易公司、做市商和量化交易团队。其中四条馈送提供来自Hyperliquid原生永续市场和商品挂钩合约的信息，第五条则提供源自Hyperliquid内存池交易的订单意图数据。

DoubleZero表示，其服务提供了有序的市场信息，无需订阅者从公共API更新中重新构建Hyperliquid订单簿。随着该服务的上线，Hyperliquid成为继Solana和Kalshi之后，第三个可通过Edge访问的交易场所。

彭博则在市场数据工作流的不同环节发挥作用。其终端广泛用于跨传统资产类别的市场监控与分析，从而为Hyperliquid的价格数据提供了另一个进入专业投资者屏幕的途径。

机构准入的多轨并行

As Hyperliquid non-crypto markets handle huge trading volumes, the HIP3 framework allows perpetual trading of assets that are usually traded only during fixed trading hours, and the contracts themselves can continue to be traded outside of these hours. At the same time, other agencies are independently advancing enforcement and regulated access paths that are separate from Bloomberg's current market data integration.

For example, Kraken's parent company Payward announced in September that it plans to provide regulated Hyperliquid perpetual contracts to eligible U.S. customers through HIP3 infrastructure. Under the proposed plan, Bitnomial, which is regulated by the Commodity Futures Trading Commission (CFTC), will be responsible for deploying, managing, clearing and clearing these contracts, while NinjaTrader Clearing will host eligible customer accounts. The plan still requires regulatory approval.

According to DefiLlama data quoted at the time, Hyperliquid's total perpetual transactions were close to US$237 billion in the 30 days before and after the announcement.

Technology Evolution and Regulatory Challenges

The HIP3 framework itself continues to evolve, and developers are exploring different ways to operate sustainable markets. A preliminary testnet update launched in September allows deployers to control access to markets through on-chain whitelists. Under this design, independent deployment teams can decide whether to keep their markets open or limit participation to approved addresses. The existing HIP 3 market will not be automatically affected because the rights feature is optional.

Jeffrey Yan, co-founder of Hyperliquid, said deployers can manage their own participant lists or appoint sub-deployers to handle access control.

In 2026, non-crypto contract activity has become a larger part of Hyperliquid's market structure. Equity perpetual contracts allow traders to take leveraged positions in public and unlisted companies without owning the underlying shares. The Hyperliquid market includes contracts tied to companies such as SpaceX, while the commodity market covers assets such as oil, gold and silver. This structure allows contracts to be traded continuously even if the traditional market for the reference asset is closed.

As transaction volumes grow, Hyperliquid's expansion in these areas has also attracted the attention of policymakers. In August this year, the Hyperliquid Policy Center asked the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) to open the way for eligible equity perpetual contracts to operate as securities futures in the United States. The group noted that in its first ten months, cumulative nominal trading volume in the HIP3 market had exceeded US$480 billion and proposed bringing eligible equity perpetual contracts into an existing framework jointly overseen by the SEC and CFTC.

However, regulatory treatment remains unclear in many markets. In June this year, the Monetary Authority of Singapore (MAS) added Hyperliquid to its investor alert list, while Hyperliquid said it had never claimed to have a license or authorization from the regulatory agency.

The new features of Bloomberg terminals mainly involve pricing data, rather than regulatory approvals or transaction access. Users can visit "WSL HYPE Select Hyperliquid perpetual prices are monitored while actual transactions are still conducted outside of Bloomberg terminal integration.