Short answer: No, not the onchain Hyperliquid interface. Under its Terms, Hyperliquid's interface is not available to US persons. Eligible US traders can, however, access a regulated HYPE perpetual on US venues such as Crypto.com / OG.com Markets and Kalshi. That is a different product from trading on Hyperliquid L1: a separately regulated contract, offered through a separate venue under separate rules.
This page is educational and is not investment, legal or tax advice. Product details change, so confirm everything on the official pages listed under Sources.
What Hyperliquid's Terms say
Section 1.6 of the Hyperliquid interface Terms defines “Restricted Persons”. It includes persons or entities that reside in, are located in, are incorporated in, or have a registered office in:
- the United States
- Ontario, Canada
- certain sanctioned territories
The interface is also described as not licensed or registered, and Restricted Persons are not permitted to use it. Read the Terms directly at app.hyperliquid.xyz/terms.
This page does not offer workarounds. US persons should not try to get around these restrictions, including by masking their location. Doing so may breach the Terms and could create legal and financial risk.
What a “HYPE perp” on Crypto.com / OG means
The wording is easy to misread. A regulated HYPE perpetual on a US venue is not:
- Hyperliquid itself
- an onchain position on Hyperliquid L1
- the same thing as holding the HYPE token
It is a derivatives contract tied to HYPE's price, offered inside a US-regulated structure. Check each venue's contract specifications for settlement, collateral and fee details; this page does not state them.
What was announced. Crypto.com and OG.com announced the public launch of regulated US crypto perpetuals on October 27, 2026, for eligible US traders only, through the Crypto.com App (retail) and the Crypto.com Exchange (advanced and institutional).
Key marketed features, as of 2026-11-02:
- Leverage marketed at up to 5x: a headline maximum, not a guarantee for every asset. Check the HYPE contract page.
- Isolated margin, take-profit / stop-loss orders, and no expiry (a true perpetual).
- Funding exchanged every 8 hours, at 00:00, 08:00 and 16:00 UTC.
- A launch fee promotion from Oct 27 to Nov 26, 2026 with zero trading fees, covering maker, taker, DCM pass-through and liquidation fees. Funding payments are not waived.
- Per the app FAQ, new Perps account setups on or after Oct 27 receive a US$50 fee rebate voucher (valid 7 days) after Nov 26. It does not cover funding or liquidation fees.
Launch set. The Exchange product news lists BTC, ETH, SOL, HYPE and ZEC. A September 30 OG.com Markets notice also referenced SEI among its crypto perps. Launch copy often omits SEI, so verify which contracts are live for your account.
Regulatory structure, based on the venue's disclosures: Foris DAX Inc. is an NFA-registered Introducing Broker; Foris DAX FCM, LLC is a CFTC-registered FCM, where customer accounts are held; North American Derivatives Exchange, Inc. (d/b/a OG.com Markets and Crypto.com | Derivatives North America) is a CFTC-registered DCM and DCO.
Regulated does not mean risk-free. Leveraged perpetuals can lose value quickly, and funding costs accrue while you hold a position.
Kalshi also lists HYPE perps
Kalshi markets itself as offering the first CFTC-regulated US true perpetuals. BTCPERP was approved May 29, 2026, with listing around June 2, 2026. Its crypto perps include BTC, ETH, SOL, HYPE and ZEC, among others. Funding occurs every 8 hours, per Kalshi's help content.
Leverage on Kalshi varies by asset and changes over time. A live page we checked showed roughly 2.4x for HYPE (versus about 6.8x for BTC). Treat those numbers as a snapshot, not a fixed rule, and check the current page before comparing with any other venue.
Other US-regulated perpetual-style products exist, but we have not confirmed HYPE availability on them. Check each provider's help pages and filings directly.
For non-US readers
If you are located outside the US and outside other restricted jurisdictions, you may want a directory of apps and tools built around the Hyperliquid ecosystem. This site's Hyperliquid apps listing compares them by builder revenue, volume and fees; see also the trading terminals category and Hyperliquid fees.
Disclaimer: The listing covers apps and tools in the Hyperliquid ecosystem. It is not an invitation for US persons to use them. US persons remain restricted from the Hyperliquid interface under its Terms. Eligibility depends on your own jurisdiction and circumstances, so read the Terms and local rules before using any product. This site is unofficial and not affiliated with Hyperliquid.
Compare US regulated perps and model 5x
For a side-by-side look at Crypto.com/OG, Kalshi, Coinbase and Kraken for eligible US traders, read US regulated crypto perps compared on Crypto Leverage Tools. To size a position under an illustrative US ceiling of about 5x, open the leverage calculator in US regulated mode.