Hyperliquid co-founder Jeff Yan said at a Korea Blockchain Week 2026 fireside chat that round-the-clock trading is not the defining difference between onchain venues and traditional exchanges. According to The Block, Yan argued that crypto assets do not need to follow conventional market hours because they are inherently global, and some traditional exchanges have already moved to extend trading sessions.
Yan said the more durable value proposition of onchain finance lies in users retaining control and custody of their own funds. In his view, that structure helps reduce a common single point of failure risk, especially if a counterparty, intermediary, or custodian runs into trouble. He also described transparency as another key feature of onchain trading. While that may not be a major selling point for ordinary consumers, he said it is essential to building trust across the system, since users cannot get the same level of trust and neutrality in a system controlled by a single private organization.
He added that continuous trading still serves a real need for assets that lack public pricing when traditional exchanges are closed, citing commodities, stocks, and Pre-IPO names traded on Hyperliquid before reference markets opened over the counter.
Hyperliquid co-founder Jeff Yan said during a fireside chat at Korea Blockchain Week 2026 that 24/7 trading is not the fundamental distinction between onchain trading venues and traditional exchanges, according to The Block.
Yan said crypto does not need to follow conventional market hours because the asset class is inherently global. He added that some traditional exchanges have already started extending their own trading sessions.
Yan points to self-custody as the longer-term value of onchain finance
Yan said the more durable value of onchain finance comes from letting users keep control and custody of their funds. He argued that this helps avoid a widely shared single point of failure risk.
In his view, self-custody becomes especially important when a counterparty, intermediary, or custodian runs into problems.
Transparency remains a defining feature of onchain markets
He also said transparency is another clear feature of onchain trading. While it may not be especially compelling for ordinary consumers, he said it is necessary for building trust in the broader system.
Yan argued that users cannot obtain the same level of trust and neutrality in a system controlled solely by a private organization.
Continuous trading still matters for some assets
Yan added that continuous trading remains useful for assets that do not have public pricing during hours when traditional exchanges are closed.
He cited commodities, stocks, and Pre-IPO assets that traded on Hyperliquid before over-the-counter reference markets had opened as examples that, in his view, show the demand is real.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
