Hyperliquid Labs co-founder Jeff Yan said at DAS Asia 2026 on October 7 that options and perpetuals serve different purposes. He said perpetuals meet many traders' needs, but some market views cannot be expressed through perpetuals alone.
Why it matters
Yan said he previously questioned whether options traders would eventually prefer perpetuals. He now sees the products as complementary rather than interchangeable, leaving options relevant for traders seeking different ways to express a market view.
Market impact
Yan also pointed to HIP-4 as a straightforward path for building options protocols on Hyperliquid. The comments highlight options development as one potential extension of the platform's derivatives offering.
Frequently asked questions
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Why does Jeff Yan see options and perpetuals as complementary?
Yan said perpetuals meet many traders' needs, but some market views cannot be expressed through perpetuals alone.
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What did Yan previously question about options traders?
He had questioned whether options traders would eventually prefer perpetuals. He now believes the products serve different purposes.
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What role does HIP-4 have in options development on Hyperliquid?
Yan said HIP-4 provides a straightforward path for building options protocols on Hyperliquid.
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Where did Yan share his view on options and perpetuals?
Yan shared his view at DAS Asia 2026 on October 7.
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What does Yan's view mean for traders choosing derivatives?
His comments indicate that traders may use options and perpetuals for different purposes, depending on the market view they want to express.
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