Key facts
- Robinhood is offering the Hyperliquid ($HYPE) crypto asset to UK customers.
- The platform underlying Hyperliquid is on the Financial Conduct Authority's (FCA) warning list.
- The FCA's warning list includes unauthorized firms targeting UK consumers.
- The FCA has advised firms to consider warning list placements when listing products.
Robinhood has made the crypto asset Hyperliquid ($HYPE) available to its customers in the United Kingdom. This offering is notable because the platform underpinning Hyperliquid has been placed on the Financial Conduct Authority's (FCA) warning list. The FCA's list identifies firms that are not authorized by the regulator but are still targeting UK consumers. The authority has previously issued guidance suggesting that firms should take these warnings into account when deciding to list or offer products. The inclusion of Hyperliquid on this list raises questions about Robinhood's compliance with regulatory expectations in the UK market.