Fortune said on Aug. 24 that Hyperliquid is emerging as a serious new force in crypto as the company speeds up plans to build a regulated business in the United States. The report said Hyperliquid, which has operated offshore since launching in 2023, became a major topic of discussion at the SALT conference held in Jackson Hole last week. Fortune argued that the company holds several advantages that other offshore firms have lacked when trying to enter the U.S. market. It pointed to CEO Jeff Yan’s U.S. birth background, reported support for perpetual contracts from Donald Trump and the chair of the Commodity Futures Trading Commission, and the presence of Schamis and crypto lawyer Jake Chervinsky on the team. Fortune said Hyperliquid could quickly become a meaningful competitive threat to major crypto platforms including Coinbase, Kraken and Robinhood, drawing a comparison to Binance’s sudden rise in 2017.
BlockBeats reported on Aug. 24 that Fortune, in an article titled 「A New Crypto Giant Has Risen」, praised Hyperliquid as a rising heavyweight in the crypto sector.
The report said Hyperliquid became one of the main talking points at the crypto-focused SALT conference held in Jackson Hole last week. Since its launch in 2023, the platform has operated under an offshore model, but its team is now accelerating efforts to establish a regulated business in the United States.
According to Fortune, Hyperliquid has several advantages that set it apart from many offshore companies that struggled in the U.S. market. The article said CEO Jeff Yan was born in the United States and is reportedly backed by influential figures, including Donald Trump and the chair of the Commodity Futures Trading Commission, on the issue of perpetual contracts.
Fortune also highlighted other members of the company’s team, including Schamis, who the report described as having decades of credibility in traditional finance, and crypto lawyer Jake Chervinsky, who has worked on building a legal framework for DeFi in the United States.
The magazine said Hyperliquid could suddenly become a major competitive threat to crypto firms such as Coinbase, Kraken and Robinhood, comparing that possibility to Binance’s breakout arrival in 2017.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
