Bloomberg Terminal has added 24 hour streaming prices for select Hyperliquid perpetual contracts, putting data from the decentralized derivatives platform inside a market system widely used by professional traders and financial institutions.
Summary
- Bloomberg Terminal users can now monitor select Hyperliquid perpetual markets around the clock across crypto, equities, commodities, foreign exchange and indexes.
- The integration is currently limited to market data, allowing professional desks to compare Hyperliquid prices with traditional market references without providing direct trade execution.
- Hyperliquid open interest crossed $18 billion in September as trading activity grew across its core perpetual markets and HIP 3 deployments.
- Professional access to Hyperliquid is developing through separate channels, including market data feeds from DoubleZero and plans for regulated perpetual products through Kraken parent Payward.
Bloomberg’s Michael McDonough said Terminal users can enter WSL HYPE
The addition gives Bloomberg users access to Hyperliquid pricing alongside market references they already follow through the Terminal. It does not provide direct execution on Hyperliquid, with the current integration focused on market data and monitoring.
Professional users can use the new function to compare prices from Hyperliquid markets with instruments such as Bitcoin, Nvidia, the S&P 500, Brent crude and EURUSD without moving to a separate data platform.
Hyperliquid data reaches Bloomberg Terminal users
Hyperliquid has built much of its trading activity around perpetual futures, but its markets now extend well beyond cryptocurrencies.
Its HIP 3 framework allows independent deployers to create perpetual markets tied to different asset classes. Contracts linked to stocks, commodities, indexes and private companies have since developed alongside Hyperliquid’s main crypto markets.
Trading activity across the platform reached a new high in September. As crypto.news previously reported, Hyperliquid 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.
HIP 3 markets made up another part of the activity. Deployers using the framework have introduced perpetual contracts tied to the S&P 500, gold, crude oil and companies outside public markets.
Bloomberg’s addition means prices from some of those markets can now sit within the same monitoring environment that professional users rely on for traditional assets.
Access to the data does not mean Bloomberg Terminal users can execute Hyperliquid trades through Bloomberg. Trading, custody, collateral management and wallet interaction remain separate from the market data function.
Hyperliquid market data is reaching professional trading infrastructure
Bloomberg is not the first infrastructure provider to make Hyperliquid information easier for professional trading firms to consume.
In September, DoubleZero introduced five Hyperliquid data feeds through its Edge service, targeting trading firms, market makers and quantitative desks.
Four feeds provide information from Hyperliquid’s native perpetual markets and trade[XYZ] markets, including contracts linked to commodities. A fifth carries order intents derived from Hyperliquid mempool transactions.
DoubleZero said its service provides sequenced market information without requiring subscribers to rebuild the Hyperliquid order book from public API updates. Hyperliquid joined Solana and Kalshi as the third venue available through Edge when the service went live.
Bloomberg serves a different part of the market data workflow. Its Terminal is used to monitor and analyze markets across traditional asset classes, giving Hyperliquid prices another route onto screens used by professional investors.
The development arrives as Hyperliquid’s non crypto markets have been processing substantial trading volume. HIP 3 markets have allowed perpetual trading across assets that normally trade during fixed market hours, while the contracts themselves can continue trading outside those sessions.
Institutional access to Hyperliquid has been developing separately
Other firms have been working on execution and regulated access, which remain separate from Bloomberg’s market data addition.
Payward, the parent company of Kraken, announced plans in September to offer regulated Hyperliquid perpetuals to eligible U.S. clients through HIP 3 infrastructure.
Under the proposed setup, CFTC regulated Bitnomial would deploy, administer, clear and settle the contracts, while NinjaTrader Clearing would carry eligible customer accounts. The planned service remains subject to regulatory approval.
Hyperliquid recorded nearly $237 billion in perpetual trading volume during the 30 days surrounding that announcement, according to DefiLlama figures cited at the time.
HIP 3 itself has continued to change as developers look at different ways of operating perpetual markets. A preliminary testnet update introduced in September lets deployers control access to markets through onchain allowlists.
Under the design, independent deployment teams can decide whether their markets remain open or restrict participation to approved addresses. Existing HIP 3 markets are not automatically affected because the permissioning feature is optional.
Hyperliquid co founder Jeffrey Yan said deployers could manage participant lists themselves or appoint sub deployers to handle access controls.
Hyperliquid has expanded beyond crypto perpetuals
Activity in non crypto contracts has become a larger part of Hyperliquid’s market structure during 2026.
Equity perpetuals have allowed traders to take leveraged positions tied to public and private companies without owning the underlying shares. Hyperliquid markets have included contracts linked to companies such as SpaceX, while commodity markets have covered assets including oil, gold and silver.
The structure lets those contracts trade continuously even when the traditional market for the reference asset is closed.
Hyperliquid’s push into those markets has attracted attention from policymakers as trading volumes have grown. In August, the Hyperliquid Policy Center asked the SEC and CFTC to create a path for qualifying equity perpetuals to operate in the United States as security futures.
The group said HIP 3 markets had processed more than $480 billion in cumulative notional volume during their first 10 months. Its proposal called for eligible equity perpetual contracts to fall under an existing framework jointly overseen by the SEC and CFTC.
Regulatory treatment remains unresolved in several markets. Singapore’s Monetary Authority added Hyperliquid to its Investor Alert List in June, while Hyperliquid said it had never claimed to hold a license or authorization from the regulator.
Bloomberg’s new Terminal function concerns pricing data rather than regulatory approval or trading access. Users can monitor selected Hyperliquid perpetual prices through WSL HYPE
