Hyperliquid Strategies seeks futures registration for perps

What happened: A subsidiary of Nasdaq-listed Hyperliquid Strategies has applied to become a futures commission merchant to bring Hyperliquid-based perpetual futures to the US, handling US customer accounts for permissioned markets. Key numbers: $785 million spent on 9.1 million HYPE in the quarter; $911 million raised in equity capital; $17 million for 2.7 million PURR Why it matters: CEO David Schamis said owning HYPE aims to capture protocol economics while the FCM would help bring Hyperliquid markets onshore. Both the FCM application and the proposed markets require regulatory approval. Coverage: 3 outlets in 24h

A subsidiary of Nasdaq-listed Hyperliquid Strategies has applied to become a futures commission merchant to bring Hyperliquid-based perpetual futures to the US, handling US customer accounts for permissioned markets.

CEO David Schamis said owning HYPE aims to capture protocol economics while the FCM would help bring Hyperliquid markets onshore. Both the FCM application and the proposed markets require regulatory approval.