Hyperliquid Eyes US
Hyperliquid is turning its attention toward the U.S. market, according to a recent report by The Information. The push comes at an important moment for the crypto industry. Hyperliquid has grown into one of the largest venues for crypto perpetual futures. Crypto rewards platform U.S. regulators are simultaneously trying to determine how derivatives, decentralized exchanges and other on-chain financial products should fit into a regulatory system largely designed around centralized intermediaries. The question, therefore, is not simply whether Hyperliquid wants to enter the United States. It is whether the existing regulatory framework gives a decentralized protocol a workable way to do so. U.S. prohibition？ In practical terms, Hyperliquids current trading interface is closed to U.S. users. The Hyperliquid blockchain itself has been declared illegal in the United States. Hyperliquid is a permissionless blockchain. Its network and smart contracts are distinct from the website interface through which many users access the protocol. Hyperliquids terms of use identify people and entities located in or resident in the United States as “Restricted Persons” and prohibit them from using the interface. Perpetual futures are its most important product. In the U.S., derivatives markets are subject to an extensive regulatory framework that has been developed by the CFTC. The Hyperliquid Policy Center has made precisely