ICE's Jeff Sprecher (founder of @NYSE) on Hyperliquid
'It's bigger than NASDAQ. It's 11 people. You look at it, you're like, wow, that's pretty something.'"
On the founders:
"The people that have built that exchange are extremely smart... I salute these guys for doing it. I mean, these are some very, very smart people."
On ignoring it:
"I don't think you can ignore it."
On the competitive threat:
"It's attracted a lot of market makers and other market participants, early adopter market participants that would ordinarily be in our traditional markets are there exploring this technology."
On the weekend oil trading dynamic:
"They've been trading oil on the weekends when our traditional oil markets are closed. And it just so happens in this time of conflict in the Middle East, there have been a lot of activity that happens on the weekend. So it's gotten a lot of interest."
On institutional clients watching regardless:
"While most of our institutional clients are not trading on blockchain... they're all watching it, and they're watching the price discovery. Whether they admit it or not, it is being part of the zeitgeist."
On the SpaceX listing being a watershed moment:
"I think regulators and market participants are going to say either it was irrelevant or it was highly relevant."
On retail + 24/7 markets:
"We're just going to have to get used to the interplay of retail and professional trading 24/7, 365."
Full transcript here: https://t.co/Z8O7KFUEu5
Hyperliquid
@nativemarkets I feel misled. I converted 5000 USDC to USDH, and despite it showing 0 fees and 0 slippage, I ended up paying $76. At the beginning, it clearly displayed that there were no fees.
I’m attaching a screenshot for a $4000 transaction, but the issue is the same.
All people complaining about Edge X, you deserve it. You supported something known for faking their numbers, and now you’re surprised they’re not legit?
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