Hyperliquid Strategies files for FCM approval to bring perpetual futures to US

The Nasdaq listed company seeks to carry US client accounts for permissioned Hyperliquid markets as it expands its HYPE treasury to 38.9 million tokens. Hyperliquid Strategies (NASDAQ: PURR) announced Thursday that a subsidiary has filed an application to become a futures commission merchant (FCM), seeking to bring perpetual futures trading on Hyperliquid to US customers within a regulated framework. If approved, the FCM would carry US client accounts for permissioned markets deployed under HIP-3*, an upcoming expansion of Hyperliquid’s infrastructure that allows independent operators to launch markets with restricted access.