Hyperliquid in Australia
Unclear: not geoblocked by Hyperliquid, but ASIC requires crypto-derivative providers to hold an AFS licence and caps licensed retail crypto CFDs at 2:1.
| Hyperliquid terms | Not restricted by Hyperliquid's terms |
|---|---|
| National position | A regulated alternative exists |
| Regulator | Australian Securities and Investments Commission (ASIC) |
| Last reviewed | 23 October 2026 |
The legal situation in Australia
Australia is not on Hyperliquid's restricted list. ASIC treats crypto futures as derivatives that need an Australian Financial Services Licence to be offered to Australians. In July 2025 it warned investors about Bitget's unlicensed crypto futures, which offered up to 125:1 leverage. Licensed retail crypto CFDs are capped at 2:1 leverage. Parliament passed the Digital Assets Framework bill on 1 April 2026.
Key facts
- 28 Jul 2025: ASIC investor alert said Bitget's crypto futures were unlicensed and Bitget held no AFS licence.
- ASIC product intervention order caps retail crypto CFD leverage at 2:1; the order expires 23 May 2027 and ASIC plans to consult in Q4 2026.
- 1 Apr 2026: Digital Assets Framework bill passed; digital asset platforms need an AFSL from about 12 months after Royal Assent.
- No ASIC action specifically naming Hyperliquid was found.
- Tax: crypto disposals fall under Australia's capital gains tax rules (ATO).
What are your options in Australia?
If Hyperliquid or local law restricts this country, the honest answer is: don't try to get around it. Using a VPN breaks Hyperliquid's Terms of Use and may break local law. Look for derivatives platforms licensed by Australian Securities and Investments Commission (ASIC), and check back here: rules change.
Sources
General information, not legal advice. Check the regulator's own website before acting.
Frequently asked questions
Is Hyperliquid legal in Australia?
Unclear: not geoblocked by Hyperliquid, but ASIC requires crypto-derivative providers to hold an AFS licence and caps licensed retail crypto CFDs at 2:1.
Can I use a VPN for Hyperliquid in Australia?
No. Hyperliquid's Terms of Use prohibit using a VPN to get around location restrictions, and it may also break local law.