Hyperliquid in New Zealand
Unclear: not geoblocked by Hyperliquid; NZ requires licensing to offer crypto derivatives to retail, but no specific action on DEX perps was found.
| Hyperliquid terms | Not restricted by Hyperliquid's terms |
|---|---|
| National position | Grey area: no specific rule |
| Regulator | Financial Markets Authority (FMA) |
| Last reviewed | 23 October 2026 |
The legal situation in New Zealand
New Zealand is not on Hyperliquid's restricted list. The FMA's position is that a crypto asset whose value derives from something else can be a derivative under the Financial Markets Conduct Act, and that issuers need an FMA licence to offer derivatives to NZ retail investors. Crypto service providers must also register on the Financial Service Providers Register. We found no FMA action naming Hyperliquid or DEX perps.
Key facts
- Under the FMC Act, crypto derivatives offered to NZ retail investors require an FMA-licensed issuer, a product disclosure statement and fair-dealing compliance.
- Firms providing financial services in NZ must register on the Financial Service Providers Register (FSPR) and join a dispute-resolution scheme if they serve retail clients.
- Since 1 Jul 2026, the Department of Internal Affairs has been the sole AML/CFT supervisor for all reporting entities.
- No FMA warning specifically naming Hyperliquid was found.
What are your options in New Zealand?
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 Financial Markets Authority (FMA), and check back here: rules change.
Public information on this country is limited. We found no specific action by a regulator, which is not the same as permission. Treat this page as a starting point and check local law.
Sources
General information, not legal advice. Check the regulator's own website before acting.
Frequently asked questions
Is Hyperliquid legal in New Zealand?
Unclear: not geoblocked by Hyperliquid; NZ requires licensing to offer crypto derivatives to retail, but no specific action on DEX perps was found.
Can I use a VPN for Hyperliquid in New Zealand?
No. Hyperliquid's Terms of Use prohibit using a VPN to get around location restrictions, and it may also break local law.