Hyperliquid wants to make perpetual futures accessible to American users

Hyperliquid wants to open its perpetual futures to the American market. The platform, which is currently not accessible to users from the United States, is actively taking steps to change that. The HYPE coin is trading at $55.96 today, up 3.3% in the past 24 hours.

Hyperliquid is available at OKX and Bybit.

In brief:

• Hyperliquid is seeking a regulated access route for American users to its perpetual futures.
• Through the Hyperliquid Policy Center, the company is actively lobbying in Washington for appropriate legislation.
• The HYPE coin rises 3.3% today to $55.96.

Lobbying in Washington for US access

According to The Information, Hyperliquid is actively looking for a way to offer its perpetual futures to users in the United States. At present, American traders miss out, as the platform does not give them access to its services.

To change that, the Hyper Foundation is funding the Hyperliquid Policy Center. That centre focuses on policy research and advocacy in Washington. The goal is to realise a regulated access model for onchain perpetual futures and decentralised market infrastructure.

What are perpetual futures?

Perpetual futures are a popular instrument within the crypto sector that allows traders to speculate on the price of a coin without an end date on the contract. They are similar to regular futures, but they do not expire. Within DeFi, they have become one of the most traded products.

Hyperliquid builds its platform entirely onchain, which sets it apart from many other providers. The combination of decentralised infrastructure and high trading volumes attracts a great deal of attention, but it also raises regulatory questions, particularly in the US, where regulators keep a close watch on this type of product.

HYPE price responds positively

The news coincides with a rise in the HYPE coin. At the time of writing, the coin stands at $55.96, which amounts to a gain of 3.3% over the past day. Whether the increased attention on the American plans is directly related to that is unclear.

Whether Hyperliquid actually succeeds in entering the American market depends on how quickly and in which direction legislation around decentralised derivatives develops. The lobbying in Washington is a first step in that regard, but a breakthrough is not certain for now.