Hyperliquid Strategies ($PURR) Seeks CFTC FCM Status
$PURR filed to become a CFTC-registered FCM to carry US client accounts for HYPE perps, reported $620.6M Q3 net income from unrealized gains, and holds about 16% of HYPE supply.
What we know
CoinDesk reports the filing alongside $620.6M in Q3 net income from unrealized token gains. A separate post says $PURR holds 16% of circulating HYPE.
How the story developed
$PURR filed to become a CFTC-registered FCM to carry US client accounts for HYPE perps, reported $620.6M Q3 net income from unrealized gains, and holds about 16% of HYPE supply.
Hyperliquid Strategies applied to become a CFTC-regulated futures commission merchant, while New York is demanding $100K per underage Polymarket bet.
Hyperliquid Strategies (PURR) filed to become a futures commission merchant that could carry US client accounts for HIP-3 markets. Commentators see it as a step toward US-regulated on-chain perps.
Hyperliquid Strategies (PURR) filed with the CFTC to become an FCM, which would let it carry US client accounts for HIP-3 markets. It also reported $620.6M quarterly net income.
Sources
“Hyperliquid Strategies $PURR files to become a CFTC-registered futures commission merchant”
View post →By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.