DECRYPT · 2026-11-06 19:46 UTC

Why a Hyperliquid Treasury Firm Wants to Become a US Futures Broker

Hyperliquid Strategies, a Nasdaq-listed treasury firm (PURR) chaired by Bob Diamond, disclosed that a subsidiary applied to become a CFTC-registered futures commission merchant. If approved, the unit would carry U.S. client accounts for permissioned perpetual futures markets built on Hyperliquid; Hyperliquid itself still blocks U.S. users. The firm held about 38.5 million HYPE (roughly $3.5 billion) at end-September and deployed $802 million during the quarter; regulators must approve the registration and the markets, with no timeline given.

Loading the story on Tree News…