Skip to content
EVENT / TOPICActive

Hyperliquid Strategies Applies for CFTC FCM Status, Reports $13.3M Quarterly Revenue

2 reports2 sources11/6/2026 updated

Current overview (not historical)

AI overview

Hyperliquid Strategies has applied to the U.S. CFTC to become a registered futures commission merchant (FCM) for its HIP-3 perpetual contract market, and disclosed $13.3 million in quarterly revenue. The application remains pending regulatory approval, with no acceptance timeline or effective date disclosed. The Block reported that Hyperliquid Strategies itself filed the application, while BeInCrypto said it was submitted by a subsidiary and could permit the firm to offer perpetual futures accounts to U.S. clients if approved. BeInCrypto also attributed the $620.6 million quarterly profit mainly to $803 million in unrealized HYPE gains, with recurring revenue of only $12.3 million.

Written with AI from the reporting · updated 11/6/2026

Expand the detailed fact route and sources

Story route

A station-by-station route from the first public evidence onward; every station carries its own evidence and uncertainty.

  1. 1Unclassified fact stationNov 6, 06:21report-time only

    Hyperliquid Strategies 申请成为 CFTC 注册期货合约商,季度收入 1330 万美元

    Read original source ↗ The BlockReplay this moment in the explorer
    Evidence & revisions · 2 source records
    Subject:
    not recorded
    Action:
    向 CFTC 提交 FCM 注册申请,并披露季度收入与净收入
    Object:
    美国 HIP-3 永续合约市场
    Occurred (fact side):
    not recorded
    The Block ↗Report pageOriginal / first version
    Published (valid side):
    Nov 6, 06:09
    First seen (known side):
    Nov 6, 06:21
    BeInCrypto ↗Report pageOriginal / first version
    Published (valid side):
    Nov 6, 09:40
    First seen (known side):
    Nov 6, 09:46
    Fact stationReport-time only

    Copy may have been revised later; time replay is bounded. Layer labels group reading only, not causation between layers.

Uncertainty marks flag where to check the sources; they are not proven causation.

Report timeline

Explore every side through dated source reports.

Nov 6
  1. BeInCryptoFact occurrence time unverified
    Hyperliquid Strategies Subsidiary Applies for US FCM Status, Reports $620.6M Quarterly Profit

    Report first recorded Nov 6, 09:46

    Hyperliquid Strategies has applied through a subsidiary to become a US futures commission merchant, seeking regulated access to perpetual futures for American clients. The firm reported $620.6 million in quarterly profit, mostly from $803 million in unrealized HYPE gains, while recurring revenue was only $12.3 million. The application still requires regulatory approval with no assured timeline.

    Read original source ↗
  2. The BlockFact occurrence time unverified
    Hyperliquid Strategies Files to Become CFTC-Registered FCM, Reports $13.3 Million Quarterly Revenue

    Report first recorded Nov 6, 06:21

    Hyperliquid Strategies reported $13.3 million in revenue and $620.6 million in net income, and filed with the U.S. CFTC to become a futures commission merchant for U.S. HIP-3 perpetual markets. The news was published by The Block on November 6, 2026, Beijing time.

    Read original source ↗

Event activity trend

Latest comparable
18
Comparable peak
19Nov 6, 10:00
24h change
–

The chart compares consistently observed participants only. Hover or tap to inspect each hour; use arrow keys to move between observations.

Event discussion

Reader opinions are hosted on GitHub Discussions; posting requires a GitHub account. Comments are not verified facts.

Open GitHub Discussions