Hyperliquid Strategies Seeks US Regulatory Approval to…
By Karthik Subramanian
AI summary of the source article
Hyperliquid Strategies subsidiary HypeStrat Markets has applied for US futures commission merchant registration to enable regulated perpetual futures trading. If approved, it could service US customer accounts under the proposed HIP-3* framework using Hyperliquid's blockchain infrastructure.
Why it matters
CEO David Schamis linked the regulatory application to supporting the ecosystem, noting that "Entering the futures brokerage business could eventually diversify revenue through customer-facing financial services."
Key facts
- HypeStrat Markets submitted a US FCM application through the National Futures Association in August, which remains pending under CFTC oversight.
- The proposed HIP-3* framework would allow independent operators to establish permissioned derivatives markets using Hyperliquid infrastructure.
- Hyperliquid Strategies held approximately 38.9 million HYPE tokens by October 28 and posted $620.6 million in quarterly net income.
Source excerpt · FinanceFeeds
Hyperliquid Strategies has disclosed an application for US futures commission merchant (FCM) registration, marking another effort to introduce regulated perpetual futures trading using Hyperliquid's blockchain infrastructure. The Nasdaq-listed company, trading under the ticker PURR, announced the initiative on November 5, 2026, alongside its quarterly financial results. Its subsidiary, HypeStrat M…