Hyperliquid Pursues Compliant Path for US Perpetual Contracts

Hyperliquid, the largest decentralized perpetual futures exchange by volume, is exploring ways to comply with US regulations and offer its services to American traders. The platform currently geo-blocks users from the United States but may soon find a compliant path forward due to recent regulatory shifts.

The Commodity Exchange Act had previously made offering perpetual contracts to US users a legal minefield. However, on May 29, 2026, the CFTC approved Kalshi's BTCPERP contract, paving the way for regulated US venues to list perpetual futures products.

Hyperliquid has launched its Policy Center in Washington, D.C., and is reportedly exploring compliant partnerships and structural arrangements that would allow it to serve American traders without violating CFTC jurisdiction. The platform's founder, Jeff Yan, has been engaging directly with US policymakers to navigate the compliance landscape.