Hyperliquid’s edge

Seems to me that Hyperliquid is the only major platform that doesn’t need KYC..

On app.hyperliquid.xyz, you can:

  • Click Connect
  • Enter an email address
  • Enter the six-digit code
  • Hyperliquid creates a blockchain wallet address for that email
  • Deposit funds and trade

It doesn’t need KYC Because Hyperliquid currently treats itself as a non-custodial blockchain protocol/interface, rather than a conventional exchange holding customer accounts.

The caveat is that there is no direct fiat deposits and it’s all on-chain settlement.