OKX CEO Star: Due to regulatory concerns, similar products to Hyperliquid have not been launched, and hopes for a clear regulatory framework for the industry

ChainCatcher news, OKX CEO Star posted on 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 on-chain perpetual contracts are growing, 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 obtain the urgently needed regulatory clarity."