The UK’s Financial Conduct Authority has issued a warning concerning Hyperliquid, putting the crypto perpetuals platform under added regulatory pressure.
The notice comes at a time when the perps market is already facing closer scrutiny from regulators. Perpetual futures, or “perps,” are widely used in crypto trading and have drawn increased attention from authorities in multiple jurisdictions.
Hyperliquid’s warning underscores how exchanges and trading venues in the sector are operating in a more closely watched environment. Regulators have been paying more attention to products that allow leveraged trading and continuous exposure to crypto assets.
The FCA’s move adds to a broader pattern of oversight around crypto derivatives as regulators continue examining how these products are offered and promoted.