OKX Web3 previously did not launch products similar to Hyperliquid due to regulatory concerns.

Source: odaily2 hour ago

According to Odaily Planet Daily, OKX CEO Star stated in a post that Hyperliquid demonstrated that on-chain derivatives protocols could be successful with only a small staff, attracting competitors such as Aster to the field. OKX Web 3 has been testing a similar product since 2023 but chose not to launch on mainnet due to regulatory concerns. Star also mentioned the U.S. Commodity Futures Trading Commission (CFTC) enforcement action against Deridex in 2023 and expressed hope that the industry will gain regulatory clarity soon.

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