Hyperliquid Strategies CEO David Schamis announced the company’s plans when reporting quarterly earnings.
“Hyperliquid is winning the parts of on-chain finance that generate real fees, and nearly all of that value flows back to HYPE holders through programmatic buybacks,” Schamis said, referring to the HYPE tokens bought and held by his company. “Owning HYPE is how we aim to capture economics associated with the Hyperliquid protocol; setting up an FCM is how we intend to help bring markets deployed on Hyperliquid onshore.”
The Hyperliquid platform has become a major player in perpetual futures in other parts of the world but remains closed to customers in the U.S., CoinDesk reported Thursday. The platform uses its own blockchain and has HYPE as its native token. Hyperliquid Strategy is a separate and publicly traded company, concentrating on buying, holding and staking the network’s token.
The White House said in August that it was trying to bring Hyperliquid into the U.S. “in a fully compliant and legal fashion” with the assistance of the Commodity Futures Trading Commission, the report said. President Donald Trump has been aiming to beef up the American perps market, although the effort faces legal objections from the U.S. derivatives industry.
Perpetual futures track an underlying asset’s price without expiring, PYMNTS reported Wednesday (Nov. 4). Traders can indefinitely maintain leveraged positions, so long as they meet applicable margin and funding requirements. They are different from conventional futures, which come with expiration dates, which means traders need to seek continuing exposure to replace contracts as they expire.
The CFTC this week announced that equity perpetual futures can begin trading on CFTC-registered exchanges.
“The development gives regulated U.S. markets a route to offer leveraged stock exposure through contracts without expiration dates, a structure long associated with offshore crypto platforms,” the report said. “The move also illustrates how cooperation between the CFTC and Securities and Exchange Commission is helping accommodate products that cross the traditional boundaries between securities and derivatives regulation. The contracts come under both agencies’ oversights, rather than occupying the regulatory ‘no man’s land’ that SEC Chairman Paul Atkins has described.”
