CryptoMedium•5 November 2026•
1 min read
Hyperliquid Strategies Files for FCM Status with US CFTC
Key Facts
1Hyperliquid Strategies has filed an application with the Commodity Futures Trading Commission (CFTC) to become a Futures Commission Merchant (FCM).
Hyperliquid Strategies has filed a formal application with the Commodity Futures Trading Commission (CFTC) to become a Futures Commission Merchant (FCM). cryptobriefing.com reported that the filing, submitted around November 5, 2026, is intended to allow the firm to carry US client accounts for HIP-3 markets, the framework enabling outside parties to launch markets on the Hyperliquid perpetual futures protocol.
PURR closed at $9.69 on November 4, 2026, having traded between a low of $9.49 and a high of $10.48 during that session. This regulatory step is part of a broader effort to establish a regulated US market for perpetual futures following a partnership with ICE, though the CFTC review timeline remains uncertain.