Hyperliquid Strategies Files for US Futures Broker Registration

Hyperliquid Strategies, which reportedly holds approximately $3.5 billion in $HYPE tokens, says a subsidiary has applied to register as a futures commission merchant with the US Commodity Futures Trading Commission.
If approved, the registration could allow the company to facilitate access for US customers to perpetual futures trading on Hyperliquid's permissioned markets. The filing represents a potential step toward bringing crypto derivatives activity into a US-regulated brokerage structure.
The company has cautioned that there is no guarantee regarding the timing or outcome of the application. Registration requirements and the regulatory treatment of the proposed products remain important considerations.
The development could expand Hyperliquid's institutional and US market opportunities, although regulatory authorization has not yet been secured.