Hyperliquid Strategies Is Betting US FCM Status Matters More Than Its $620.6M Profit

A subsidiary of Hyperliquid Strategies has applied to become a US futures commission merchant. The filing would let the self-described largest Hyperliquid treasury firm carry US client accounts for perpetual futures. The $620.6 million profit for the September quarter rests mainly on $803 million of unrealized gains on HYPE. The FCM bid still needs regulatory approval, leaving PURR shareholders…

Hyperliquid treasury firm seeking U.S. regulatory nod as a domestic futures platform — CoinDesk
Hyperliquid Strategies Is Betting US FCM Status Matters More Than Its $620.6M Profit — BeInCrypto
Hyperliquid Price Prediction 2030: Can HYPE Reach $250? — 24/7 Wall St
Hyperliquid reports $621M profit on HYPE token paper gains — Crypto Briefing
Hyperliquid Strategies posts $13.3M revenue and $620.6M net income — Crypto Briefing
Hyperliquid Strategies Posts $620.6 Million Profit on HYPE Paper Gains — The Defiant
Hyperliquid Strategies files for FCM approval to bring perpetual futures to US — Crypto Briefing
Hyperliquid Strategies surpasses revenue expectations with $13M in Q3 — Crypto Briefing

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