Where Hyperliquid Is and Is Not Available

Hyperliquid is a decentralised exchange, which changes the shape of the access question. There is no account application to be rejected and no identity check that stops you at the door. What exists instead is front-end geoblocking and a set of terms you agree to when you use the interface.

That difference matters, because it means the responsibility for knowing whether you should be there sits with you.

How access actually works

The protocol itself is a set of contracts on a chain. It does not know or care where you are. What blocks users is the web interface — the site checks your IP and refuses to load the trading app from restricted jurisdictions.

Three practical consequences:

1. The block is at the interface, not the protocol. Other front-ends built on the same protocol may have different restrictions.
2. There is no KYC, so nothing verifies your residence, and nothing warns you before you deposit.
3. The terms of service still bind you. Using a VPN to bypass a geoblock is a breach of terms wherever the terms prohibit it, regardless of whether it technically works.

Restricted jurisdictions

The restricted list follows sanctions regimes and the jurisdictions where offering leveraged derivatives to retail without registration carries the most legal exposure. The United States is the significant one for most readers — US retail access to offshore perpetual futures is restricted by CFTC rules, not by the exchange’s preference.

Because this list changes and we would rather not publish a stale table that people rely on, check the current terms on the exchange directly before depositing. If your country is restricted today, the honest answer is that this site cannot help you access it, and we are not going to suggest workarounds.

If you are somewhere it works

There is no signup form. You connect a wallet, deposit USDC, and you are trading. This is faster than any regulated venue, and the absence of friction is worth pausing on: there is no broker doing a suitability check, no cooling-off period, and nobody who will stop you from putting your account on 20x leverage on day one.

The protections you give up are real ones. There is no compensation scheme, no ombudsman, and no regulator to complain to if something goes wrong.

Tax

Being unregulated where you live does not make gains untaxed where you live. Most jurisdictions treat derivative gains as taxable regardless of where the venue sits, and the absence of a broker means nobody files anything on your behalf — the record-keeping is entirely yours. Talk to someone local; this is not something a website can answer for your situation.

Common questions

Does Hyperliquid require KYC?

No. You connect a wallet and deposit USDC. There is no identity verification, which also means nothing verifies your residence or warns you if your jurisdiction is restricted.

Can I use a VPN to access it?

Technically the block is at the web interface rather than the protocol. But using a VPN to bypass a geoblock breaches the terms of service wherever those terms prohibit it, regardless of whether it works, and we do not suggest workarounds.

Is it available in the United States?

US retail access to offshore perpetual futures is restricted by CFTC rules rather than by the exchange's preference. Check the current terms on the exchange directly before depositing.

Do I owe tax on gains if it is unregulated where I live?

Almost certainly yes. Most jurisdictions tax derivative gains regardless of where the venue sits, and because there is no broker, nobody files anything on your behalf. The record-keeping is entirely yours.

What protections do I give up?

There is no compensation scheme, no ombudsman, and no regulator to complain to. If something goes wrong, there is no recourse mechanism of the kind a regulated broker provides.