Hyperliquid has been added to the MAS's Investor Alert List (IAL). IAL listing does not constitute a ban, an enforcement action, or a finding of wrongdoing. The IAL provides a list of entities that, based on information available to MAS, may be wrongly perceived as being licensed or in any other way authorised or regulated by MAS. Many large exchanges and defi protocols have been included on the IAL.
Hyperliquid is permissionless infrastructure. It is not, and has never claimed to be, licensed or authorised by MAS, and no one should regard it as such. Nothing about the network has changed. As on other permissionless blockchains, users maintain self-custody at all times, and transactions settle transparently and fully onchain.
The Hyperliquid ecosystem remains committed to engaging collaboratively and constructively with regulators and institutions globally and to supporting clear, well-designed frameworks for onchain finance.
Portfolio margin on Hyperliquid has been live for six months and is now in beta with increased limits.
Users with account value <$25M can use BTC and HYPE as collateral to trade perps, spot, and outcome markets with greater capital efficiency.
See the Docs for borrow and supply caps, account requirements, and more: https://t.co/vvE8Ehqg7v
See the Support Guide for frequently asked questions: https://t.co/O73OHjBNk0
As part of the USDH sunset, all USDH-denominated markets on HyperCore have completed settlement.
Users are recommended to immediately:
+ Swap USDH on HyperCore for USDC on the spot order book: https://t.co/O4RMl8FhVp
+ Swap USDH on HyperEVM for USDC 1:1 with no fees via Across: https://t.co/5K2fyXDlcf
+ Withdraw supplied USDH from Borrow/Lend: https://t.co/SgCtxGgzaU
+ Repay borrowed USDH by buying USDH/USDC: https://t.co/O4RMl8FhVp
For years, Americans were pushed offshore to trade perpetual futures while the rest of the world could trade them at home. This spring, U.S. regulators finally opened a compliant path to these markets here. Today, the largest U.S. exchange, CME, went to court to close it.
This is what happens when one company controls a market. By @BetterMarkets' count, CME runs about 92% of U.S. exchange-traded derivatives. When one venue holds that much volume, everyone else carries the cost. Less choice, higher prices.
Perpetual futures are the first genuinely new derivatives product to reach U.S.-regulated markets in over a decade. More competition among exchanges is best for the people who actually use these markets. These products deserve clear rules.
The real question is whether Americans get access to innovative new financial products, or whether one incumbent keeps them locked out. We think they deserve access. As CFTC @ChairmanSelig put it: "Incumbents will always fear the future." But none of us should fear the incumbents.
Last Friday, the CFTC opened the door to perpetual futures in the U.S.
After years of regulatory headwinds, perps are graduating from crypto’s edge into mainstream finance.
@HyperliquidX has been building exactly what the market needs: a fast, onchain, 24/7, permissionless platform.
As Wall Street plays catch up, Hyperliquid is now positioned to House All of Finance.
https://t.co/1FE5E5PwKc