Is Hyperliquid available in the US?

What the terms say, word for word

The Terms of Use for app.hyperliquid.xyz are an agreement with Hyperliquid Corp., and the version we read was last updated on June 15, 2026. The relevant clause is §1.6:

The Interface is not available to “Restricted Persons.” For the purposes of these Terms, Restricted Persons include: (a) persons or entities who reside in, are located in, are incorporated in, or have a registered office in the United States of America or Ontario, Canada; (b) persons or entities who reside in, are located in, are incorporated in, or have a registered office in jurisdictions subject to applicable economic and trade sanctions or export control laws and regulations (collectively, “Restricted Territories”); and (c) citizens of Restricted Territories, regardless of their location. Restricted Persons are strictly prohibited from accessing or using the Interface described herein.

Three things are worth noticing:

• It covers where you live and where you are. “Reside in” and “are located in” are separate tests. A US resident travelling abroad is still a US resident; someone physically in the US is located there.
• It covers companies. Entities incorporated or with a registered office in the US or Ontario are included.
• Sanctions follow citizenship. For sanctioned territories, citizens are excluded wherever they are.

Prediction markets have a further restriction

Section 1.7 adds a second group, Excluded Persons, who can’t use the outcome markets (Hyperliquid’s prediction-market style contracts, HIP-4). It covers people in “certain jurisdictions that we designate from time to time” and anyone for whom using them would require a licence or approval that hasn’t been obtained. Section 1.8 says the company may block the outcome markets tab for those users and that you must not try to get around it.

So even outside the US, you may see perps but not outcome markets. See how to trade prediction markets on Hyperliquid.

Why we won’t suggest workarounds

Section 3.1.5 lists “Circumvention of Restrictions” as prohibited activity, including:

(a) using technologies such as VPNs, proxies, or other methods to conceal your location; (b) making false statements or misrepresentations about your residency, citizenship, or compliance with applicable laws

Beyond breaking the terms, it’s a practical risk. If you misrepresent where you live, you have no standing if something goes wrong, and §1.9 makes you solely responsible for whether your use complies with local laws on leveraged and derivatives trading. We don’t publish workarounds and we’d advise against anyone who does.

What about other apps and front ends?

Hyperliquid is a blockchain, and the terms themselves say the app “is not the exclusive means of accessing Hyperliquid” (§1.1). Many wallets and trading apps connect to the same markets.

That is not a loophole. Each of those apps has its own terms and its own obligations, and many restrict the US as well. trade.xyz, the largest HIP-3 deployer, states in its docs that access “is prohibited where restricted by the Terms of Use, including to United States persons, in the United States, or in other restricted jurisdictions.” Before using any front end, read its terms and check your local law.

The US-regulated routes announced so far

Two efforts aim to bring Hyperliquid-linked perpetual futures to US users through regulated channels. Neither was live on 4 Nov 2026.

Route	Who	What’s been said	Status
ICE[XYZ]	Intercontinental Exchange (owner of the NYSE) and trade.xyz	A new US market with its own exchange and clearing, built on Hyperliquid, listing stocks, indices, commodities, currencies and crypto for ID-verified traders, reached through brokers and ICE’s joint venture with OKX. ICE is taking a minority stake in trade.xyz.	Announced 29 Oct 2026. Subject to CFTC approval. No launch date or deal terms disclosed.
Payward (Kraken)	Kraken’s parent company	Proposed a route for US-regulated perps tied to Hyperliquid, which Hyperliquid publicly backed in October 2026.	Proposed. Depends on US regulators.

The CFTC (Commodity Futures Trading Commission) is the US regulator for futures and derivatives. Until it approves a venue, these remain plans. If a route opens, it will come with identity checks and its own rules, and it won’t mean the existing Hyperliquid app’s terms have changed. We’ll update this page when there’s a primary-source announcement.

What this means in practice

• If you live in the US or Ontario: the app’s terms exclude you. Don’t sign up, and be cautious of anyone selling access, “pre-verified” accounts or VPN tips: those are common scams. See Hyperliquid scams to avoid.
• If you live elsewhere: check you’re not in a sanctioned territory, then read the full terms and your local rules on derivatives. Some countries restrict leveraged crypto trading even where Hyperliquid doesn’t.
• If you move to the US: you’d become a Restricted Person under §1.6. Plan how you’d close positions and withdraw before that happens.

Common misunderstandings

• “It’s decentralized, so the terms don’t apply.” The terms govern your use of the interface regardless of how the chain works.
• “Only the US is blocked.” Ontario and sanctioned territories are named too, and outcome markets have extra restrictions.
• “ICE[XYZ] means Americans can use Hyperliquid now.” It’s an announced plan subject to CFTC approval, with no launch date.
• “Another app’s referral link gets around it.” Referral codes only change your fees (what a code does); they don’t change where you’re allowed to trade.