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Cboe and Citadel Sue to Stop US Stock Perps Hours After the CFTC Approved Them: Why Hyperliquid’s $5 Billion-a-Day Market Has the Most at Stake

CoinSpeaker·November 4, 2026·1 min read
Cboe and Citadel Sue to Stop US Stock Perps Hours After the CFTC Approved Them: Why Hyperliquid’s $5 Billion-a-Day Market Has the Most at Stake

Cboe and Citadel sued to stop US stock perps hours after the CFTC approved them. Hyperliquid already trades $5B of them a day, and ICE wants to bring the market onshore. The lawsuit challenges the approval, with Hyperliquid's market at stake.

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