‘Every single exchange’ will have to adopt public blockchain infrastructure to compete, Hyperliquid Policy Center CEO says
60-second summary
Hyperliquid Policy Center CEO Chervinsky declares that every exchange must adopt public blockchain infrastructure to stay competitive, arguing that on‑chain markets, beyond regulated perpetual contracts, will soon enter the U.S. regulatory perimeter. He predicts imminent compliance pressure, which could drive broader institutional adoption, tighten market standards, and reshape liquidity dynamics across the crypto industry.
Chervinsky says that beyond regulated perps, onchain markets need to enter the U.S. regulatory perimeter, a step he expects will happen soon.