Hyperliquid Strategies Files to Carry US Accounts on Hyperliquid’s Tokenized Stocks Markets, and Stock Trading There Just Passed Crypto

Hyperliquid Strategies (PURR), the Nasdaq-listed company holding 38.9 million HYPE, has applied to the CFTC to become a futures commission merchant, it said Thursday, a license that would let it carry US client accounts on Hyperliquid’s tokenized stocks markets. The timing is hard to miss. Over the 24 hours to 09:56 UTC on Friday, stocks, indexes and oil on trade.xyz, Hyperliquid’s biggest builder market, traded $9.75 billion. Hyperliquid’s own crypto perpetuals did $9.69 billion. Two days earlier, the stock side was at $4.99 billion.