Nasdaq-listed Hyperliquid Strategies (PURR) announced $13.3 million in revenue for the quarter ending September 30, beating analyst projections that ranged between $10.6 million and $12 million based on the data source.
The business recorded $620.6 million in net income, primarily propelled by $803 million in unrealized profits from its Hyperliquid (HYPE) token reserves, which were somewhat balanced out by a $172.3 million income tax provision.
In perhaps the most significant development, Hyperliquid Strategies submitted an application to the CFTC to attain status as a futures commission merchant (FCM), enabling the organization to manage U.S. customer accounts for HIP-3 markets.
“Hyperliquid recently announced its intention to add additional deployer functionalities under the name HIP-3,” the business stated in an announcement. “These optional additional features would allow deployers to build and launch permissioned markets on Hyperliquid’s onchain infrastructure. Independent operators would run their own market in a compliant manner, while the chain underneath would stay a neutral infrastructure layer.”
Pending regulatory consent, the FCM would enable Hyperliquid Strategies to “play a role” in introducing perpetual futures to United States clientele inside a compliant structure.
“There can be no assurance as to the timing or outcome of the application or regulatory approval of permissioned HIP-3 markets,” the enterprise stated.
This development unfolds as the foundational infrastructure of Hyperliquid edges nearer to the American market. Last week, NYSE parent Intercontinental Exchange reached an agreement to collaborate with TradeXYZ in order to bring Hyperliquid-based perp futures markets to U.S. traders. ICE would manage the exchange and clearing architecture, whereas TradeXYZ would build the markets.
Earlier in the year, President Donald Trump mentioned that his administration was striving to introduce Hyperliquid to the United States “in a fully compliant and legal fashion.”
Originally published at https://www.theblock.co/news/markets/2026-11-05-hyperliquid-strategies-files-become-cftc-registered-fcm-posts-13-3-million-quaterly-revenue-435455.
