Hyperliquid's US Push Gains Traction as Hype Builds Around Key Price Level

Hyperliquid's push into the US derivatives market is gaining attention as it pursues a regulated route. The project has been in talks with both the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC). Rather than opening its decentralized trading platform directly to US users, Hyperliquid is exploring alternative structures that could allow regulated companies to use its infrastructure.

The proposal has some precedent following recent regulatory developments. 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.

Meanwhile, Hyperliquid's derivatives business is recording high levels of activity, with HIP-3 markets accounting for an increasing portion of that activity. The framework allows outside builders to deploy perpetual markets after meeting requirements, including staking 500,000 HYPE tokens.