Tuesday, 02 January 2024 12:17 GMT

Hyperliquid Strategies Pursues US Futures Registration Through Subsidiary Arabian Post


Date:

(MENAFN- The Arabian Post) clearfix"> Hyperliquid Strategies is seeking regulatory approval to establish a US futures brokerage through its subsidiary HypeStrat Markets, while cryptocurrency exchange Binance has restored withdrawals of Hyperliquid's HYPE token following a prolonged suspension.

The publicly traded digital asset treasury company disclosed that HypeStrat Markets has applied for registration as a futures commission merchant, potentially allowing American customers to access regulated derivatives markets operating on Hyperliquid's blockchain infrastructure.

The application, submitted through the National Futures Association in August, remains pending. The association oversees registration and compliance obligations for futures intermediaries under the supervision of the US Commodity Futures Trading Commission.

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The Arabian Post

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