Hyperliquid Strategies Files for U.S. Futures Commission Merchant Status 

• Hyperliquid Strategies applied to register as a U.S. futures commission merchant. 
• The proposed FCM would serve U.S. clients trading permissioned markets under HIP-3. 
• The firm reported $620.6 million in Q3 net income and $803 million in unrealized gains. 

Hyperliquid Strategies, a Nasdaq-listed firm that holds HYPE tokens, has applied to register as a U.S. futures commission merchant, a step that could let it hold accounts for Americans trading certain perpetual futures markets built on Hyperliquid.

The firm disclosed the application in its third-quarter earnings release. It said the proposed broker would serve U.S. customers trading permissioned markets under HIP-3, a planned upgrade that would allow outside parties to operate markets for verified users. The broker registration and permission for those markets are separate approvals.

Could the Filing Connect U…

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