Hyperliquid's US Push Gains Momentum Amid Regulated Futures Push
Hyperliquid's push into the US derivatives market is gaining attention as it explores a regulated route. The project, which offers perpetual futures that trade and settle through its public blockchain, has been engaging with both the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC).
Rather than opening its existing decentralized trading platform directly to US users, who are currently restricted from accessing it, Hyperliquid is reportedly exploring no-action letters, regulatory guidance, or another structure that could allow regulated companies to use its infrastructure.
Recent regulatory developments have given the proposal some precedent. Earlier this year, the CFTC allowed the first regulated perpetual futures products in the country, while Kalshi received clearance in May to offer perpetual-style contracts within the US derivatives framework.