COINDESK · 2026-11-06 02:24 UTC

Hyperliquid treasury firm seeking U.S. regulatory nod as a domestic futures platform

Hyperliquid Strategies, a public company that buys and holds HYPE token, has a pending application with the NFA to register a subsidiary, HypeStrat Markets, as a futures commission merchant. The company says the FCM would carry U.S. client accounts for permissioned perpetual futures markets deployed on Hyperliquid under its HIP-3 framework, subject to regulatory approval. The Hyperliquid platform remains closed to U.S. customers, and the company states there is no assurance on the timing or outcome of the application.

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