Hyperliquid’s Singapore HQ meets regulatory head‑scratch.
The Monetary Authority of Singapore says it is not aware of Hyperliquid being regulated in any major jurisdiction and does not consider the platform based in Singapore because of its decentralized nature.
Hyperliquid Labs confirmed its corporate headquarters are in Singapore and that it is unregulated, having never claimed a licence from MAS.
Financial data for the 12‑month period through 6 October show protocol revenue of $730.5 million and operating net income of $723.7 million.
Third‑quarter perpetual derivatives volume reached $716.4 billion, with open interest at $16.4 billion at quarter‑end.
HIP‑3 markets represented 36.6 % of total perpetual derivatives volume in Q3, up from 32.7 % in Q2, and accounted for about 51 % of trading volume in July according to the founder.
The native token HYPE traded near $91 after falling about 2 % over 24 hours, retreating more than 7 % from its recent $98 high.
How do you view the regulatory outlook for decentralized trading platforms that operate from jurisdictions claiming no jurisdiction over them?
#Crypto #FinTech #Regulation #DeFi #Singapore
The Monetary Authority of Singapore says it is not aware of Hyperliquid being regulated in any major jurisdiction and does not consider the platform based in Singapore because of its decentralized nature.
Hyperliquid Labs confirmed its corporate headquarters are in Singapore and that it is unregulated, having never claimed a licence from MAS.
Financial data for the 12‑month period through 6 October show protocol revenue of $730.5 million and operating net income of $723.7 million.
Third‑quarter perpetual derivatives volume reached $716.4 billion, with open interest at $16.4 billion at quarter‑end.
HIP‑3 markets represented 36.6 % of total perpetual derivatives volume in Q3, up from 32.7 % in Q2, and accounted for about 51 % of trading volume in July according to the founder.
The native token HYPE traded near $91 after falling about 2 % over 24 hours, retreating more than 7 % from its recent $98 high.
How do you view the regulatory outlook for decentralized trading platforms that operate from jurisdictions claiming no jurisdiction over them?
#Crypto #FinTech #Regulation #DeFi #Singapore