⚠︎ Risk warning: leveraged derivatives on unregulated platforms — you can lose everything you deposit. Not investment advice.
This is availability information, not legal advice. It records what Hyperliquid's own Terms say and which EU registers were checked, with dates. It does not say whether trading is lawful for you, and it does not cover any way of getting around a venue's restrictions.
Is Hyperliquid Available in the EU? Terms and Registers
Terms read on 2026-09-15; registers checked on 2026-10-05. Terms change; the venue's current page governs.
The short answer
- EU authorisation: none found. Hyperliquid does not appear in the ESMA interim MiCA register of crypto-asset service providers, the ESMA register of MiFID, UCITS, AIFMD, EUSEF, EUVECA and ECSPR entities (investment firms, trading venues and fund managers), or the ESMA sanctions register (queries below).
- Its own Terms: Hyperliquid's Terms do not name the European Union or the EEA anywhere in their restricted-jurisdiction wording; the list is built from other countries and sanctions law.
- Who you are contracting with: Hyperliquid Corp. ("Company").
MiCA or MiFID II?
Perpetual futures are derivatives, so they fall under existing EU financial-services law (MiFID II) rather than MiCA, which covers crypto-assets that are not already financial instruments. A venue that is authorised under neither sits outside the EU perimeter entirely — no MiFID conduct rules, no complaints route, no compensation scheme. The full framing, with ESMA's own scope materials, is in the EU legality guide.
What Hyperliquid's Terms say
Read at app.hyperliquid.xyz/terms (the page shows no "last updated" date):
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.
The Terms also prohibit circumventing their restrictions: "Circumvention of Restrictions. Activity that attempts to bypass, evade, or circumvent any restrictions imposed by the Interface or the Company. This includes but is not limited to: (a) using technologies such as VPNs, proxies, or other methods to conceal your location". This site does not describe or endorse any such method.
Registers checked
| Register | Search term | Result | Checked |
|---|---|---|---|
| ESMA interim MiCA register — crypto-asset service providers (CASPs) | hyperliquid, Hyperliquid Corp | no entry | 2026-10-05 |
| ESMA register of MiFID / UCITS / AIFMD / EUSEF / EUVECA / ECSPR entities (investment firms, trading venues, fund managers) | hyperliquid, Hyperliquid Corp | no entry | 2026-10-05 |
| ESMA sanctions register (administrative measures published by NCAs) | hyperliquid, Hyperliquid Corp | no entry | 2026-10-05 |
ESMA does not maintain a single EU-wide register of investor warnings; national competent authorities publish their own lists, and the IOSCO investor-alerts portal that aggregates them could not be queried by this site's tooling on the check date. No national warning list was searched. "No entry" above means no entry in the three ESMA registers named, nothing more.
What this does not mean
- "Not named in the Terms" is not an invitation. The venue decides who it serves and can change the list; the current page governs.
- "No entry in the registers" is not a clean bill of health. It confirms the absence of an EU licence, and nothing else.
- Your tax and reporting obligations are unaffected by any of the above; the EU guide says why.
Other venues
Back to the Hyperliquid hub.