Hyperliquid Strategies files with CFTC to become FCM for US clients

The filing would let the firm carry US client accounts for HIP-3 markets, pending a regulatory review with no known timeline Hyperliquid Strategies has filed with the Commodity Futures Trading Commission to register as a Futures Commission Merchant. The goal is to carry US client accounts for HIP-3 markets, the framework that lets outside parties launch markets on the Hyperliquid perpetual futures protocol. What Hyperliquid Strategies actually filed The filing landed around November 5, 2026, according to the research findings. Hyperliquid Strategies Inc. is associated with the Hyperliquid protocol and has been active in the ecosystem through investments in HYPE tokens and infrastructure development. An FCM is the regulated middleman of the futures world. It holds customer accounts and handles trades for clients. The filing targets accounts for HIP-3 markets, including a variant known as HIP-3*. That starred version is the one tied to CFTC-regulated deployments. One major caveat applies. The timeline for the CFTC review is currently unknown, per the findings. Operational details, including which markets would be offered and how compliance would work, still hinge on regulatory approv...