Onchain oil markets could revolutionize finance, Jake Chervinsky notes

Onchain oil markets could revolutionize finance, Jake Chervinsky notes
Onchain oil trading marks crypto shift

Jake Chervinsky, lawyer and head of policy at Variant Fund and Blockchain Assoc., states that weekend trading in oil perpetuals on Hyperliquid underscores the potential for onchain markets to transform global finance.

He notes this marks a breakout moment for crypto, extending well beyond traditional token trading. He also highlights that, together with Tradexyz, a request has been made for CFTC action to ensure Americans benefit from this onchain innovation.

Chervinsky has previously described pre-IPO perpetuals as a key tool for pricing IPOs in the crypto market, highlighting their benefits for both investors and issuers in an earlier report. He also noted that HyperliquidPC has been active for six months, calling recent progress just the beginning in a separate update. These remarks show his ongoing focus on innovations in onchain trading infrastructure.

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