Hyperliquid Strategies seeks futures registration for perps
The HYPE treasury company spent $785 million on tokens during the quarter and wants to bring Hyperliquid-based perpetual futures to the US.
The HYPE treasury company spent $785 million on tokens during the quarter and wants to bring Hyperliquid-based perpetual futures to the US.
A subsidiary of Nasdaq-listed HYPE treasury company Hyperliquid Strategies has applied to become a futures commission merchant (FCM), seeking to bring Hyperliquid-based perpetual futures to the US.
“Owning HYPE is how we aim to capture economics associated with the Hyperliquid protocol; setting up an FCM is how we intend to help bring markets deployed on Hyperliquid onshore,” said Hyperliquid Strategies CEO David Schamis in the company’s results for the quarter ended Sept. 30, published on Thursday.
The subsidiary would handle US customer accounts for permissioned markets deployed on Hyperliquid, the company said. Both the FCM application and the proposed markets require regulatory approval.