Hyperliquid Loses OpenAI and Anthropic Perpetual Markets

What to Know

• Ventuals, the team behind OpenAI and Anthropic perpetual markets on Hyperliquid, is winding down its markets.
• Trading in the OpenAI and Anthropic perpetual contracts has been halted and the positions have been settled.
• The team said it is joining another project within the Hyperliquid ecosystem.
• Perpetual markets on Hyperliquid have attracted attention by letting traders speculate around the clock on a wide range of assets, including private companies.

Ventuals exits its market-making role

Ventuals has decided to close the OpenAI and Anthropic perpetual markets it helped launch on Hyperliquid, marking a notable shift for one of the platform’s closely watched real-world asset offerings. The move ends trading in those contracts and brings the markets to a formal settlement.

Markets halted and settled

The shutdown means traders can no longer open new positions in the OpenAI and Anthropic perpetuals. Existing contracts have been settled, removing two of the most visible private-company-linked markets from Hyperliquid’s trading lineup.

Why the markets drew attention

Hyperliquid’s perpetual markets have gained popularity because they allow traders to express views on asset prices continuously, without the limitations of traditional market hours. That includes exposure to unconventional references such as private companies, making the product category closely watched across crypto trading circles.

What it means for Hyperliquid

While the closure of these markets may reduce some of the novelty around the platform’s real-world asset offerings, Hyperliquid still sits at the center of a growing niche where crypto-native traders seek constant access and fast-moving price discovery. Ventuals joining another ecosystem project suggests the team is not leaving the broader space entirely.

Frequently Asked Questions (FAQs)

What happened to the OpenAI and Anthropic markets on Hyperliquid?

They were shut down after Ventuals decided to wind down the markets. Trading stopped and the contracts were settled.

Who was behind these markets?

Ventuals, a team associated with real-world asset perpetual markets on Hyperliquid, created and managed them.

Are perpetual markets still available on Hyperliquid?

Yes. The broader perpetual market structure remains active on Hyperliquid, even though these specific contracts have been closed.

Why do traders use perpetual markets?

Perpetual markets let traders speculate on price moves around the clock, which can make them useful for fast reaction and continuous price discovery.

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