The Monetary Authority of Singapore (MAS) has added decentralized exchange Hyperliquid to its Investor Alert List, reminding traders that the platform is not licensed in the region. This move follows
Singapore’s financial regulator, the Monetary Authority of Singapore (MAS), recently listed decentralized perpetuals exchange Hyperliquid on its Investor Alert List, cautioning investors about potential misperceptions regarding the platform's regulatory status in the region. The inclusion does not imply any enforcement action or ban but serves as a consumer protection measure.
Hyperliquid operates under a permissionless infrastructure and has always maintained that it is not licensed by MAS. In response to this listing, Hyperliquid stated its commitment to engaging constructively with regulators globally while supporting clear frameworks for on-chain finance. The platform ranked ninth in trading volume among decentralized exchanges according to CoinGecko and holds around $5.7 billion in total value locked as per DefiLlama.
Singapore has been increasingly tightening oversight of the cryptocurrency industry over recent years, following a directive issued by MAS in May 2025 that required crypto companies serving overseas customers to either obtain licenses or cease operations. This move closed regulatory loopholes and aligned Singapore’s framework with international standards on Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT).
The inclusion of Hyperliquid in the Investor Alert List is part of a broader trend of stricter crypto regulation by MAS, which has also listed Bybit, KuCoin, and Bitget on this list. This development highlights the growing importance of regulatory compliance for cryptocurrency platforms aiming to operate within Singapore’s jurisdiction.
For traders, this listing underscores the need for caution when engaging with unregulated exchanges. It may lead some investors to reassess their risk tolerance and seek out licensed or well-regulated alternatives. The broader implications suggest that more stringent regulations could potentially impact trading volumes on unlicensed platforms like Hyperliquid in Singapore.
Traders should monitor regulatory developments closely, as further actions by MAS could affect the crypto landscape in Singapore. They may also consider diversifying their trading activities to comply with local laws and avoid potential legal issues.
Source: Cointelegraph. Summarized and rewritten by the Vexoda Newsroom. This is market news, not financial advice.