Hyperliquid Tests KYC Feature Amid Regulated Trading Push

Hyperliquid is testing a Know-Your-Customer (KYC) feature that restricts trading to approved addresses, indicating a move towards regulated trading access in the U.S. This follows Uniswap's introduction of permissioned pools for regulated tokens.

The KYC step aims to comply with U.S. regulations and separate U.S. users from offshore liquidity pools.

Despite concerns about TradeXYZ's dominance on the platform, its CEO reassures users about the ecosystem's strength.