Hyperliquid Strategies subsidiary applies to register as a U.S. futures commission merchant, intends to take on U.S. client accounts in HIP-3* permitted markets

PANews, November 6 news: According to a press release from Hyperliquid Strategies (Nasdaq: PURR), the company's CEO stated that it has submitted an application for registration as a Futures Commission Merchant (FCM); subject to regulatory approval, the FCM intends to open and carry accounts for U.S. customers based on Hyperliquid HIP-3* permissioned markets, in order to bring perpetual contracts and other markets "onshore" in the United States within a compliant framework. The outcome and timeline of the application remain uncertain. CoinDesk, citing NFA records, reported that the relevant application was filed by subsidiary HypeStrat Markets and is currently pending approval.