Hyperliquid in Singapore
Restricted: not geoblocked by Hyperliquid, but MAS has publicly flagged it as an unlicensed platform (Investor Alert List, June 2026).
| Hyperliquid terms | Not restricted by Hyperliquid's terms |
|---|---|
| National position | Restricted |
| Regulator | Monetary Authority of Singapore (MAS) |
| Last reviewed | 23 October 2026 |
The legal situation in Singapore
Singapore is not on Hyperliquid's restricted list, but the Monetary Authority of Singapore added Hyperliquid (the Hyper Foundation website and the Hyperliquid trading app) to its Investor Alert List on 26 June 2026. That listing flags entities that may be wrongly perceived as MAS-licensed; it is a warning, not a ban or website block. Hyperliquid replied that it never claimed MAS authorisation.
Key facts
- MAS added Hyperliquid to its Investor Alert List on Friday 26 June 2026, days after adding Bybit (17 June 2026); KuCoin and Bitget are also listed.
- Being on the Investor Alert List is a consumer-protection warning, not an enforcement action or ISP block.
- Since 30 June 2025, Singapore firms offering digital-token services only to overseas customers must be licensed under the Financial Services and Markets Act or stop operating.
- Hyperliquid is not licensed or regulated by MAS, so Singapore residents trading there get no local investor protection.
- Tax: Singapore has no capital gains tax; gains that count as trading income may be taxable (general IRAS position, not specific to crypto perps).
What are your options in Singapore?
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 Monetary Authority of Singapore (MAS), 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 Singapore?
Restricted: not geoblocked by Hyperliquid, but MAS has publicly flagged it as an unlicensed platform (Investor Alert List, June 2026).
Can I use a VPN for Hyperliquid in Singapore?
No. Hyperliquid's Terms of Use prohibit using a VPN to get around location restrictions, and it may also break local law.