Key facts
- Robinhood is offering the Hyperliquid ($HYPE) crypto asset to UK retail customers.
- The Hyperliquid platform and its governing body are on the UK Financial Conduct Authority's (FCA) warning list of unauthorized firms.
- The FCA added Hyperliquid to its warning list in May 2026, citing concerns about potential unauthorized financial services.
- Robinhood stated that its crypto trading is facilitated through Bitstamp UK, which is registered with the FCA as a cryptoasset service provider.
- Customers purchasing $HYPE and other unregulated crypto assets on Robinhood will not receive UK watchdog protection.
Robinhood has made a cryptocurrency asset available to its UK retail customers, despite the underlying platform being placed on the Financial Conduct Authority's (FCA) warning list. The fintech app is now offering access to over 50 cryptocurrencies, including Hyperliquid ($HYPE).
The original platform, also known as Hyperliquid, and its governing body, the Hyper Foundation, were added to the FCA's warning list in May 2026. The regulator cautioned that these entities may be providing or promoting financial services in the UK without the necessary permission, and advised authorized firms to consider such warnings when listing products.
A Robinhood spokesperson stated that cryptocurrency trading is offered through Bitstamp UK Ltd, which is registered with the FCA as a cryptoasset service provider. The company emphasized that every asset undergoes a rigorous listing review and approval process. Robinhood is acting as an intermediary broker, with customers purchasing assets directly through Bitstamp UK, not the Hyperliquid platform itself.
However, customers buying $HYPE and other unregulated crypto assets on offer will not be afforded protection from the UK watchdog. The broader UK crypto regulatory regime is scheduled to be implemented in October 2027, aiming to eliminate unauthorized market participants.
The decision to offer the asset has also raised questions concerning the FCA's consumer duty, which mandates firms to protect consumers from foreseeable harm and act in their best interests. Although $HYPE falls outside the scope of this duty due to its unregulated status, the FCA considers all information regarding firms' offerings and potential consumer harm.