TREE NEWS update: Crypto custodian Copper has rolled out institutional trading for Hyperliquid perpetual contracts, letting clients execute trades through an API and platform interface while keeping assets in its non-custodial MPC infrastructure. The service gives institutions direct exposure to the decentralized perpetuals exchange without moving collateral out of Copper’s custody setup.
Copper Launches Institutional Hyperliquid Perpetuals Trading via API
The notable part is the custody model, not the venue: Copper is letting institutions touch a decentralized perpetuals exchange while collateral stays inside its MPC setup, which removes a key operational objection to on-chain derivatives. That matters most for funds and trading desks whose mandates or counterparty rules have kept them off native DEX perps. Whether this becomes a template other custodians copy, and how the arrangement handles collateral and liquidation mechanics across a non-custodial wrapper, is the open question.
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