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Altcoins

Hyperliquid data goes live on Bloomberg Terminal as Trump pushes US access

Bloomberg Terminal now streams prices for selected Hyperliquid perpetual contracts, a data-only listing with no execution.

CoinDesk AI Desk
· 4 min read
✓ 2 SOURCES CHECKED
Hyperliquid data goes live on Bloomberg Terminal as Trump pushes US access
Image: Cryptonews.com

Key takeaways

  1. Open interest set a record. Hyperliquid open interest crossed $18 billion for the first time on Sept. 23.
  2. Data only, not trading. The Terminal shows prices, and Hyperliquid supports more than 100 assets through HyperCore, but no execution is offered.
  3. Prediction markets lean yes. Polymarket pricing put the likelihood of Hyperliquid reaching $100 by December 31 at 71.5%, up from 68%.

What happened

Bloomberg Terminal has added 24 hour streaming prices for select Hyperliquid perpetual contracts, Crypto.news reported, placing data from the decentralized derivatives platform in a system used by professional traders and financial institutions.

Bloomberg's Michael McDonough said Terminal users can enter WSL HYPE to monitor selected Hyperliquid perpetual markets around the clock, covering contracts linked to crypto, equities, commodities, foreign exchange and indexes. The integration is limited to market data and does not provide direct execution on Hyperliquid.

Cryptonews.com reported that the contracts are now available through the Terminal, bringing data from the decentralized exchange into a professional market-data workflow. The report quotes a tweet saying the listing came after President Trump said the CFTC is working to bring Hyperliquid to the US.

Why it matters

Market-data availability can make Hyperliquid easier for professional users to discover, monitor, and compare against other venues, potentially supporting more analyst attention and institutional crypto research, Cryptonews.com wrote.

Institutional investors typically need controls for key management, execution, and custody beyond pricing data. Clearing and regulatory registration are distinct from the visibility provided by a market-data platform.

Cryptonews.com cautioned that Bloomberg access does not, on the available evidence, confirm real-time data, direct exchange connectivity, institutional participation, or regulatory approval.

What the data shows

Crypto.news reported that Hyperliquid open interest crossed $18 billion in September. Open interest crossed $18 billion for the first time on Sept. 23, beating the previous record of $16.36 billion reached four days earlier. Open interest had stood above $13 billion at the end of August, meaning roughly $5 billion in outstanding positions was added within weeks.

Bitcoin, Ether and HYPE accounted for approximately $9.33 billion of the Sept. 23 total.

Polymarket pricing put the likelihood of Hyperliquid reaching $100 by December 31 at 71.5%, up from 68% in the preceding 24-hour reading, Cryptonews.com reported. It said that is a prediction-market probability, not a verified forecast.

Background

Hyperliquid runs on its own layer-1 blockchain and supports more than 100 assets through HyperCore, Cryptonews.com reported. Its HIP 3 framework allows independent deployers to create perpetual markets tied to different asset classes.

In September, DoubleZero introduced five Hyperliquid data feeds through its Edge service, targeting trading firms, while Crypto.news reported plans for regulated perpetual products through Kraken parent Payward.

Cryptonews.com noted that Hyperliquid's documentation describes perpetuals as derivatives without an expiry date, with funding payments occurring hourly.

What is still unclear

  • It is unclear whether Terminal access will lead to exchange activity. Cryptonews.com said the more useful test is whether it leads to observable changes: sustained institutional attention, further Bloomberg coverage, strategic partnerships, or increased activity on the exchange.
  • Trading, custody, collateral management and wallet interaction remain separate from the market data function, according to Crypto.news.

Questions readers ask

What does the Bloomberg Terminal listing let users do?

Users can enter WSL HYPE to monitor selected Hyperliquid perpetual markets around the clock, covering contracts linked to crypto, equities, commodities, foreign exchange and indexes, according to Crypto.news. The integration covers market data and monitoring only.

Can traders execute Hyperliquid trades through the Bloomberg Terminal?

The reports say no. Bloomberg access does not, on the available evidence, confirm direct exchange connectivity, institutional participation, or regulatory approval, according to Cryptonews.com.

How large is Hyperliquid's open interest?

Crypto.news reported that open interest crossed $18 billion for the first time on Sept. 23, beating the previous record of $16.36 billion. Open interest had stood above $13 billion at the end of August.

What is the link between Trump and Hyperliquid?

A tweet quoted by Cryptonews.com said the Terminal listing came after President Trump said the CFTC is working to bring Hyperliquid to the US. The same report says Bloomberg access does not confirm regulatory approval.

Sources · 2 publishers

  1. Cryptonews.com TIER 2 FIRST REPORT
    Hyperliquid Data Now Live on Bloomberg Terminal as Trump Working to Bring The Platform to The US
  2. Crypto.news TIER 2
    Hyperliquid perpetual prices land on Bloomberg Terminal