Hyperliquid Faces Singapore Regulatory Questions Despite Local HQ: Report
đ Singapore's Monetary Authority (MAS) claims it has no jurisdiction over Hyperliquid, despite the platform's corporate entity being registered in the city-state, due to its decentralized nature.
âïž Hyperliquid Labs clarified that it is unregulated and has never claimed to be licensed by MAS, while emphasizing its commitment to engaging with regulators.
đ The platform has seen significant growth, with $730.5 million in revenue and a notable increase in trading volume through its HIP-3 perpetual futures system, which accounted for 36.6% of total derivatives volume in Q3.
đ Singapore's Monetary Authority (MAS) claims it has no jurisdiction over Hyperliquid, despite the platform's corporate entity being registered in the city-state, due to its decentralized nature.
âïž Hyperliquid Labs clarified that it is unregulated and has never claimed to be licensed by MAS, while emphasizing its commitment to engaging with regulators.
đ The platform has seen significant growth, with $730.5 million in revenue and a notable increase in trading volume through its HIP-3 perpetual futures system, which accounted for 36.6% of total derivatives volume in Q3.