Hyperliquid in the US: what works, what does not, and how Senpi fits
Updated Nov 12, 2026 · 7 min read
Hyperliquid’s site excludes US persons; the chain is permissionless; regulated US routes are announced, none live. Terms, news and where Senpi sits (Nov 7, 2026).
Short answer: Hyperliquid’s own website excludes US persons by its terms, the Hyperliquid blockchain itself has no gate, regulated US routes have been announced but none is live, and every app built on Hyperliquid, Senpi included, sets its own eligibility rules. This page quotes the documents, dates the news and states what each item means. It is a summary of public sources as of Nov 7, 2026, not legal advice.
Key takeaways
- app.hyperliquid.xyz is not available to “Restricted Persons”: anyone residing, located or incorporated in the United States or Ontario, and anyone in, or a citizen of, a sanctioned territory (Hyperliquid Terms of Use, June 15, 2026).
- The interface is “not the exclusive means of accessing Hyperliquid”; the chain is permissionless and the terms only cover the website.
- Washington is moving, the app is not: the CFTC approved stock perpetuals on US exchanges on Nov 3, 2026, ICE and Trade[XYZ] agreed on Oct 29 to build a regulated US market on Hyperliquid’s infrastructure, and Kraken’s Bitnomial plans permissioned Hyperliquid perps. All of it awaits approval; none has a launch date.
- Hiding your location with a VPN is a prohibited activity under the same terms.
- Neither the interface nor Hyperliquid is licensed or registered with any regulator, in any jurisdiction, by Hyperliquid’s own statement.
- Senpi is a separate app with its own terms: you must be 18 or over, your use must be permitted where you live, and you must not be in a sanctioned jurisdiction. Senpi does not decide that for you.
What Hyperliquid’s terms say
The Terms of Use at app.hyperliquid.xyz (last updated June 15, 2026) govern the website only. Four clauses matter for a US reader.
- Restricted Persons (section 1.6)
- The interface is not available to 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; to anyone in a territory under economic sanctions or export controls; and to citizens of those territories regardless of where they are.
- Not the only door (section 1.1)
- Hyperliquid is described as a decentralised, permissionless blockchain that the company does not own, control or operate, and the interface is “not the exclusive means of accessing Hyperliquid”.
- No licence anywhere (section 1.3)
- Neither the interface nor Hyperliquid is licensed, approved, authorised, endorsed or registered by any governmental authority or regulator in any jurisdiction.
- No VPNs (section 3.1.5)
- Using VPNs, proxies or other methods to conceal your location, or misrepresenting your residency or citizenship, is a prohibited activity.
Outcome markets have a second, separate exclusion list (sections 1.7 and 1.8) that Hyperliquid can change at any time and may enforce with technical blocks.
What that means in practice
| Access path | Who the terms allow | What a US reader should know |
|---|---|---|
| app.hyperliquid.xyz | Not Restricted Persons: anyone who resides in, is located in or is incorporated in the US or Ontario | The site may enforce this; circumventing it breaks the terms |
| The Hyperliquid protocol and API | No gate at the chain level | Permissionless is not the same as permitted: your own laws still apply, and the terms say so (section 1.9) |
| Apps built on Hyperliquid (Senpi, wallets, terminals) | Each app’s own terms | Read the app’s eligibility clause; Hyperliquid’s terms do not transfer to it |
| Regulated US venues built on Hyperliquid (ICE with Trade[XYZ]; Kraken’s Bitnomial) | Announced, pending CFTC approval | Access would come through regulated brokers with identity checks; nothing is live and no date is set |
| Outcome markets | Not Excluded Persons, a list Hyperliquid sets | A separate, changeable restriction with technical blocking |
What is changing, and what has not
The question people now ask is less “is Hyperliquid available in the US” than “is it coming”. The answer as of Nov 7, 2026: the regulated routes are being built by US intermediaries on top of Hyperliquid’s technology, every one of them still needs CFTC approval, and the app itself has not changed its terms.
CFTC approves the first US bitcoin perpetuals
2026-05-29KalshiEX, then Coinbase, are allowed to list bitcoin perpetual futures, case by case. A precedent for perps on US exchanges, not a Hyperliquid approval.
President Trump on Hyperliquid
2026-08-19Trump said CFTC Chair Michael Selig was working to bring Hyperliquid into the United States “in a fully compliant and legal fashion”. A description of a process; no filing, approval or date followed.
Kraken’s parent plans permissioned Hyperliquid perps
2026-09-16Payward said it intends to offer permissioned Hyperliquid-based perpetuals to US clients through its CFTC-regulated Bitnomial exchange, subject to regulatory approval.
ICE and Trade[XYZ] agree on a regulated US market
2026-10-29The NYSE’s owner will be the exclusive operator of a US perpetuals market running on Hyperliquid’s HIP-3 infrastructure, with retail access through regulated brokers that run identity checks. Pending CFTC approval of both the market and its leverage; no launch date.
CFTC approves stock perpetuals on US exchanges
2026-11-03Chair Selig approved perpetual futures on individual stocks for registered US exchanges, overseen jointly with the SEC. No exchange was named and the approval does not mention Hyperliquid.
app.hyperliquid.xyz
todayTerms unchanged since June 15, 2026: US persons remain Restricted Persons and the site blocks US connections.
Two things follow. First, when a regulated venue opens, the way in will be a US broker with identity checks, not the Hyperliquid website. Second, until a venue is approved, nothing in this timeline changes what a US person may do today.
How Senpi fits
Senpi is an AI trading agent and app that sends orders to Hyperliquid through its API under a builder code, from wallets you control. It is not the Hyperliquid interface and it is not operated by Hyperliquid. Its availability is governed by Senpi’s own terms and by the app stores: the Senpi app is distributed through the App Store and Google Play, and each store shows whether it is offered in your country.
- Who may use Senpi (Senpi terms, section 5)
- Anyone 18 or over who can enter a binding contract and whose use is permitted in their jurisdiction. The eligibility test is yours to meet; Senpi does not make the determination for you.
- Sanctions and export rules (sections 8h and 22)
- You represent that you are not located in or associated with a sanctioned jurisdiction, and you agree to comply with US export laws. Senpi AI Inc. is a US company.
- What the service is (section 25)
- Automated execution of the strategies you configure, from non-custodial wallets generated for your account. The AI outputs are informational and are not investment, legal or tax advice.
- Stock, commodity and index perps (section 25)
- These are synthetic, leveraged contracts settled in stablecoins. They are not shares and carry no voting, dividend or ownership rights.
Senpi cannot make a use lawful that is not lawful where you live, and it does not offer a way around Hyperliquid’s restrictions. If you are unsure whether leveraged perpetuals are permitted for you, ask a licensed professional before funding a wallet.
Not legal advice
This page summarises public documents on the date shown. It is not legal advice and does not tell you whether trading is lawful for you. The documents can change; the links above go to the current versions.
Frequently asked questions
Is Hyperliquid available in the US?
The official interface at app.hyperliquid.xyz is not: its terms exclude anyone who resides in, is located in or is incorporated in the US or Ontario as a Restricted Person (June 15, 2026). The Hyperliquid blockchain is permissionless and the terms cover the website only; whether you may trade on it is a question of your own laws.
Is Hyperliquid coming to the US?
Regulated routes are being built on its technology: ICE with Trade[XYZ] (agreed Oct 29, 2026) and Kraken’s Bitnomial (announced Sep 16, 2026), and the CFTC cleared stock perpetuals for US exchanges on Nov 3, 2026. Each still needs approval and none has a launch date. The Hyperliquid app itself has not changed its US restriction.
Can I use Senpi from the US?
Senpi is an AI trading agent that sends orders to Hyperliquid from wallets you control. Its terms require that you are 18 or over, that your use is permitted in your jurisdiction and that you are not in a sanctioned territory. The app stores show whether the app is offered in your country. Senpi does not decide the legal question for you.
Does a VPN change anything?
No. Concealing your location or misstating your residency is a prohibited activity under Hyperliquid’s terms, and Senpi’s terms require truthful compliance with the laws that apply to you.
Are the SpaceX, Tesla or Nvidia perps real shares?
No. They are synthetic, leveraged derivatives settled in stablecoins that track a reference price; they carry no ownership, voting or dividend rights (Senpi terms, section 25).
Is Hyperliquid regulated?
By its own terms, neither the interface nor the protocol is licensed, approved or registered with any regulator in any jurisdiction (section 1.3).
Read the documents
Hyperliquid’s Terms of Use and Senpi’s terms are short. Read both before you fund a wallet.
Related articles
Hyperliquid funding, margin and liquidation explained
How Hyperliquid funding, margin modes and liquidation work, with Nov 2026 numbers and a worked $10,000 example. Fee tiers have their own page.
Hyperliquid fees explained (Nov 2026): maker, taker, builder fees
On a paid Senpi plan you pay only Hyperliquid’s fee. Hyperliquid’s fees on Nov 12, 2026: 0.045% taker, 0.015% maker, tiers, discounts, builder fees by app and HIP-3 rates.
Anthropic stock before the IPO: how to trade ANT now (Nov 2026)
You can trade Anthropic before its IPO: the ANT pre-IPO perp trades 24/7 on Hyperliquid and Senpi, long or short. How it’s priced, what happens at listing, the risks.
Hyperliquid order types: limit, market, stop, TP/SL, TWAP and more
Every Hyperliquid order type and option as of Nov 9, 2026: what each does, when to use it, and whether it pays the maker or the taker fee.