OKX Star: Due to regulatory concerns, it has not launched products similar to Hyperliquid and hopes the industry will obtain a clear regulatory framework

ChainCatcher news, OKX Star posted on platform X, "Hyperliquid has proven that on-chain perpetual contract business can achieve great success even with very few employees.

Now, more competitors like Aster are entering this field. OKX Web3 has also been testing similar products since 2023, but due to regulatory concerns, we chose not to launch on the mainnet.

While the on-chain perpetual contract growth is happening, we must not forget the CFTC's enforcement action against Deridex in 2023. The regulatory enforcement landscape has fundamentally changed, and we hope the industry can quickly gain the urgently needed regulatory clarity."