THE BLOCK · 2026-11-05 22:09 UTC

Hyperliquid Strategies files to become CFTC-registered FCM, posts $13.3 million in quaterly revenue

Hyperliquid Strategies filed with the CFTC to become a futures commission merchant (FCM), pending regulatory approval, which would allow it to carry U.S. client accounts for HIP-3 perpetual futures markets. The company reported $13.3 million in quarterly revenue for Q3 2026, exceeding analyst estimates of $10.6-$12 million, with $620.6 million in net income largely from $803 million in unrealized gains on HYPE token holdings. NYSE parent Intercontinental Exchange agreed to partner with TradeXYZ to bring Hyperliquid-based perpetual futures markets to U.S. traders, with ICE operating exchange…

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