US Push for Hyperliquid Could Open Up Decentralized Crypto to Entire Continent

Binance founder Changpeng 'CZ' Zhao thinks a US push to bring decentralized exchange Hyperliquid onshore could be a watershed moment for decentralized finance.

In an interview, CZ said that if Hyperliquid can enter the US market in a compliant way, it would open the door for many more decentralized services to reach American users.

CZ dismissed the idea of competition as the right lens through which to view this development. He argued that the crypto market is 'nowhere near saturated' and that early markets benefit from more competitors because they grow the total market.

The Hyperliquid token, HYPE, has climbed approximately 40% since President Trump's Aug. 19 remark, reaching an all-time high of $83.72 on Wednesday.