The share stood at 11.9% on Oct. 7, with the calculation covering centralized exchanges including Binance, Bybit and OKX.
Binance's dominance in SanDisk perps highlights the growing intersection of crypto and traditional securities, raising potential regulatory concerns. Binance leads SanDisk perps liquidity, with OKX and Hyperliquid trailing.
The address held 19,762.81 ETH with an average entry price of $2,661.05 and an unrealized profit of about $1.31 million.
Hyperliquid Labs is registered in Singapore, with corporate documents and job postings citing the city-state as its headquarters and office location. MAS does not consider Hyperliquid to be based in Singapore due to its decentralised nature, while the company confirmed it has never received or claimed MAS licensing or authorisation.
Chervinsky says that beyond regulated perps, onchain markets need to enter the U.S. regulatory perimeter, a step he expects will happen soon.
The address closed 376.137 BTC at an average execution price of about $84,020, while Bitcoin's mark price stood near $84,040.
The planned addition would let users hedge spot and perpetual-futures positions through the same order books on HyperCore.
Hyperliquid's expansion into options could significantly enhance its market position, driving user engagement and potentially boosting its valuation. Hyperliquid to add options to platform, enhancing derivatives offerings.
Jeff said the markets have been well received because they let users do things they previously could not.
Hyperliquid has confirmed it is registered in Singapore, the Financial Times reported on Tuesday. Yet Singapore's financial regulator reportedly does not see the platform as within its jurisdiction.
Institutional interest in crypto signals growing market legitimacy, potentially driving increased adoption and innovation in decentralized finance. Institutional capital is flowing into crypto, and Hyperliquid is capturing allocators' attention.
While bitcoin and ether prices have been consolidating, two massive Hyperliquid wallets carry a combined net short exposure of roughly $1.58 billion against an array of top assets—with BTC and ETH topping the list.