According to Hyperliquid Strategies, Nasdaq options trading for PURR is intended to improve liquidity and price discovery as the company highlights HYPE exposure and record HIP-3 perpetuals open interest.
Hyperliquid Strategies officially announced that options trading for its common stock, PURR, has launched on the Nasdaq options market. According to the company, the listing is meant to improve liquidity and price discovery. It said PURR provides capital-efficient exposure to Hyperliquid’s native token, HYPE. The company also highlighted that open interest in Hyperliquid’s HIP-3 tokenized traditional asset perpetuals reached a record $1.74 billion within six months. Existing disclosed holdings noted that, as of early February 2026, Hyperliquid Strategies held 17.6 million HYPE, equal to 1.83% of the token’s supply.