Crypto Briefing • October 7th 2026, 4:56 PM
Hyperliquid confirms Singapore base, but MAS says it is not the regulator
Key Summary
Hyperliquid Labs has confirmed its headquarters is in Singapore, but the Monetary Authority of Singapore (MAS) claims it does not regulate the trading venue. The company operates a decentralized perpetual futures platform, which is considered outside MAS's jurisdiction due to its decentralized structure.
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Overview
Hyperliquid Labs has confirmed its headquarters is in Singapore, but the Monetary Authority of Singapore (MAS) claims it does not regulate the trading venue.Regulatory Status
MAS is the central bank and financial regulator of Singapore, but it has stated that it does not regulate Hyperliquid due to its decentralized structure.Platform Overview
Hyperliquid runs a decentralized perpetual futures platform, which allows traders to bet on an asset's price without an expiry date, often with leverage.MAS Stance
MAS has added Hyperliquid to its Investor Alert List, which flags entities that are unlicensed and not authorized to provide financial services in Singapore.Implications
The MAS's stance does not shut down the platform, and Hyperliquid continues to operate normally.Risk Considerations
Traders should be aware of the risks associated with using an unlicensed venue, including the potential for sharp price movements and the lack of consumer protection rules.#Singapore#Crypto#MAS#DeFi