Summary
Ketju does not approve Hyperliquid Spot Orderbook for US clients: the current Hyperliquid interface terms classify United States persons as Restricted Persons and bar them. Spot trading also earns no protocol yield. The reported TVL is inventory and balances held on HyperCore. Each token carries its issuer’s risk and market risk, and every position also depends on Hyperliquid validators, bridges and the order book. Calling the protocol directly or through another interface does not make a restricted client eligible.
Review triggers
- Hyperliquid publishes terms that let the United States clients Ketju covers use spot services
- The exact spot asset receives an approved asset-control profile and stays eligible under its issuer and transfer restrictions
- A native withdrawal at the proposed size completes through a documented bridge without an unreviewed third-party operator
- Ketju reviews it at once after any validator intervention that changes a spot settlement, or any bridge loss
Facts
- Verdict
- Not approved
- Type
- Other
- Chains examined
- Hyperliquid L1
- Reviewed
- Last confirmed