FalconX: Hyperliquid is challenging traditional exchanges and prediction markets.

CoinFeed reported on May 25th that, according to a CoinDesk report, a report released by FalconX shows that the crypto derivatives platform Hyperliquid is expanding from perpetual contracts to pre-IPO trading, prediction contracts, and tokenized real-world assets, beginning to compete with traditional exchanges and prediction market operators. The report points out that Hyperliquid's HIP-3 market allows users to trade stocks, commodities, forex, and pre-IPO contracts 24/7, and traders have already used this market to speculate on pre-IPO companies such as Cerebras, Anthropic, and SpaceX. The HIP-4 outcome market allows traders to make binary outcome bets on political, economic, and crypto events.