COINTELEGRAPH · 2026-11-06 08:43 UTC

Hyperliquid Strategies seeks futures registration for perps

Hyperliquid Strategies subsidiary has applied to become a futures commission merchant to bring Hyperliquid-based perpetual futures to the US, pending regulatory approval. The company held 38.5 million HYPE as of Sept. 30, valued at $3.5 billion, after spending $785 million on HYPE during the quarter. Shares fell 9.6% Thursday, closing at $8.76; ICE separately agreed on Oct. 29 with Trade[XYZ] to bring Hyperliquid-based perpetual markets onshore.

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