Saw this on The Block: Nasdaq-listed Hyperliquid Strategies ($PURR) has applied to the CFTC to register as a futures commission merchant (FCM). If approved, it could custody HIP-3 permissioned perpetuals accounts for U.S. customers within a regulated framework—the underlying infrastructure would still be Hyperliquid’s on-chain setup, just with a compliant access layer on top.
The company also reported its quarterly results: revenue of about $13.3 million for the quarter ended 9/30, and net income of about $620.6 million, mainly from roughly $803 million in unrealized gains on its holdings of $HYPE . The company also said there’s no guarantee when the application will be processed or what the outcome will be.
As U.S. tech stocks sell off and crypto shakes along with them, some are still lining up to bring perpetuals into compliant U.S. channels. There’s a long way to go, but the direction is pretty clear. #$HYPE #$PURR #CFTC
The company also reported its quarterly results: revenue of about $13.3 million for the quarter ended 9/30, and net income of about $620.6 million, mainly from roughly $803 million in unrealized gains on its holdings of $HYPE . The company also said there’s no guarantee when the application will be processed or what the outcome will be.
As U.S. tech stocks sell off and crypto shakes along with them, some are still lining up to bring perpetuals into compliant U.S. channels. There’s a long way to go, but the direction is pretty clear. #$HYPE #$PURR #CFTC
