Is Hyperliquid legal in Singapore?
In June 2026, the Monetary Authority of Singapore (MAS) added Hyperliquid to its Investor Alert List. That list flags entities that could be wrongly perceived as licensed by MAS. It is not a ban, but it does mean Hyperliquid is not licensed in Singapore.
What happened
- MAS added the Hyper Foundation website and the Hyperliquid trading app to the Investor Alert List (reported by Cointelegraph on 26 June 2026).
- Other crypto platforms on the list include Bybit, KuCoin and Bitget.
- Hyperliquid said it has never claimed to be licensed or authorized by MAS, and that it remains committed to engaging constructively with regulators.
What the listing means
| It means | It does not mean |
|---|---|
| Hyperliquid is not licensed or regulated by MAS | A ban or enforcement action, per the reporting |
| MAS wants the public to know that | A finding that Hyperliquid is a scam |
| Singapore investor protections don't apply | A stated penalty for users |
What Singapore users should consider
- No local protection: if something goes wrong, you can't turn to MAS or Singapore dispute schemes.
- Self-custody is on you: keep your wallet and seed phrase safe and use only app.hyperliquid.xyz.
- Tax and reporting: keep records of your trades.
- Watch for changes: regulators can add restrictions later. Check MAS's site before you put in more money.
Hyperliquid's own terms restrict U.S. persons, Ontario residents and sanctioned regions; check the latest terms for your country. For general safety, read is Hyperliquid safe?
FAQ
Is Hyperliquid banned in Singapore?
Reporting on the June 2026 listing says the MAS Investor Alert List is not a ban or enforcement action. It flags that Hyperliquid is not licensed by MAS.
Is Hyperliquid licensed by MAS?
No. Hyperliquid says it has never claimed to be licensed or authorized by MAS.
Which other crypto platforms are on the list?
Reported examples include Bybit, KuCoin and Bitget.
Can Singapore residents use Hyperliquid?
The listing itself is not described as a ban, but users get no Singapore regulatory protection. This isn't legal advice; check MAS's current guidance.