Hyperliquid Pursues Futures Registration for Perpetuals Market

A subsidiary of Nasdaq -listed Hyperliquid Strategies is seeking to enter the U.S. derivatives market as a futures commission merchant (FCM), a regulatory step aimed at bringing Hyperliquid -based perpetual futures onshore. In its quarterly results for the period ended Sept. 30, CEO David Schamis said the company’s plan is to leverage ownership of HYPE —the token tied to the Hyperliquid ecosystem—while setting up the necessary infrastructure to support U.S. access to markets deployed on the protocol. Key takeaways Hyperliquid Strategies’ subsidiary has applied to become a futures commission merchant (FCM) to support onshore perpetual futures.

Source: Crypto Breaking News