Hyperliquid Strategies seeks futures registration for perps
Summary
A subsidiary of Nasdaq-listed Hyperliquid Strategies has applied to become a US futures commission merchant, aiming to serve US customers in permissioned perpetual futures markets on Hyperliquid. The application and proposed markets require regulatory approval. The move follows ICE’s agreement with Trade[XYZ] to bring Hyperliquid-based perpetual markets to the US through a separate market and clearing structure. Hyperliquid Strategies also reported raising $911 million in equity during the quarter, buying $785 million of HYPE and repurchasing $17 million of shares. It held 38.5 million HYPE at quarter-end. Its stock fell 9.6% Thursday.
