.@HyperliquidX has become the largest on-chain derivatives venue, handling more than half of all decentralised perpetuals volume and, as of mid-2026, close to 8% of total perpetual-futures open interest across every venue, centralised or on-chain. The market is there. For institutions, the challenge has been how to securely access it. Accessing Hyperliquid has meant relying on interfaces outside an institutional security environment, limiting the ability to scale trading with confidence. Now, building on our recent blockchain integration and custody support, Copper now supports direct, institutional access to Hyperliquid. Trading through our dedicated APIs or in-platform UI gives institutions a secure access point to on-chain liquidity. No third-party tools. No interfaces outside your security environment. Assets are held in Copper Vaults, and our Policy Engine applies the operational controls institutions expect: multi-authorisation workflows, granular permissions, full audit trails. The integration supports institutional trading strategies with the same governance framework that applies across trading on centralized exchanges through ClearLoop. This new capability further unifies collateral and enables clients to trade and manage risk across always-on markets. From one platform, clients can manage their trading across ClearLoop-connected venues, 30+ exchanges, and now the largest on-chain derivatives venue, moving it to where it's needed rather than fragmenting it across separate environments. Less operational overhead. More capital working where it counts. On-chain derivatives, accessed the way institutions expect. Available exclusively to institutional and professional clients of Copper, subject to applicable onboarding and eligibility requirements. Not available to persons subject to the laws of jurisdictions where such services may not be lawfully provided, including the United States and other restricted jurisdictions. Read Full Announcement: copper.co/en-ch/insights/eme…