HypeStrat Markets Seeks U.S. FCM Registration to Carry Client Accounts

Hyperliquid Strategies has disclosed that its subsidiary HypeStrat Markets filed for U.S. futures commission merchant registration, a step aimed at carrying American customer accounts for permissioned perpetual futures trading on Hyperliquid.

The application is pending approval. If regulators approve it, HypeStrat Markets plans to open and carry accounts for U.S. customers trading perpetual futures in permissioned markets built on Hyperliquid’s HIP-3 framework. HypeStrat Markets is identified as the applicant, while its parent disclosed the filing.

FCM stands for futures commission merchant, the registration category HypeStrat Markets is seeking for its proposed role in opening and carrying customer accounts. No decision date or approval timetable was provided.

The filing centers on how U.S. customers could access permissioned perpetual futures markets on Hyperliquid if the application is approved. The proposal remains subject to regulatory review, and its outcome and timing are uncertain.