Singapore Flags Hyperliquid: MAS Adds DEX to Binance, Bybit Warning List
Singapore's MAS has added decentralized exchange Hyperliquid to its Investor Alert List, placing it alongside Binance and Bybit. This warning signals increased regulatory scrutiny on crypto platforms operating in the region, even those with permissionless models. Despite the caution, major investors remain bullish on Hyperliquid's long-term potential.
Singapore's Monetary Authority (MAS) just slapped Hyperliquid onto its Investor Alert List, a public warning register. This puts the decentralized exchange in the same company as Binance and Bybit, signaling a tightening grip on crypto operations in the city-state. While not a ban, the listing means local users lose MAS investor protections when trading on the platform. Hyperliquid, which relocated its team to Singapore this year, operates on a permissionless infrastructure and emphasizes self-custody, stating the MAS warning doesn't change its network operations. The HYPE token saw a minor dip on the news but remains significantly up year-over-year, with trading volumes holding steady. Prominent backers like Bitwise and Multicoin Capital are doubling down, projecting massive revenue and user growth, with Multicoin even forecasting a $319 price target for HYPE by 2028. This standoff between regulatory caution and aggressive investor conviction will be one to watch.