Nasdaq-listed Hyperliquid Strategies applies to become US futures broker, holds $3.5 billion HYPE

Hyperliquid Strategies, a digital asset treasury company listed on Nasdaq, has filed an application to operate as a US futures commission merchant (FCM). The company reported that its subsidiary submitted the application to the Commodity Futures Trading Commission (CFTC), aiming to enable US customers to trade perpetual futures on permissioned markets using the Hyperliquid platform. If approved, Hyperliquid Strategies’ subsidiary would be allowed to manage US customer accounts and provide access to regulated perpetual futures markets built on Hyperliquid’s infrastructure. The application process, however, does not guarantee CFTC approval or confirm a launch timeline.

Also reported by Unchained, Blockchain Reporter.

Source: CoinTurk News