Hyperliquid Pushes for US Perpetual Futures Access: How Did PURR, THYP React?

Hyperliquid is reportedly lobbying U.S. regulators to open a pathway for regulated firms to offer perpetual futures on its blockchain. by The Information on Wednesday. The news comes as market commentators point to improving fundamentals and institutional accumulation around the HYPE token. Will HYPE Grab the Perps Market? Hyperliquid is engaging with the CFTC and SEC to allow U.S.-regulated companies to offer perpetual futures that trade and settle on its public blockchain, The Information reported. The decentralized trading platform currently restricts U.S. users from accessing its services but is reportedly seeking no-action letters or new regulatory guidance that could allow its infrastructure to play a larger role in regulated U.S. markets. The push comes as Hyperliquid’s underlying business continues to gain traction. The platform reportedly generated more...