备选平台

Hyperliquid 备选平台 — 证据比较

备选平台用于证据比较，不是推荐。纳入是因为公开证据属性与 Hyperliquid 不同 — 不是因为 Hyperliquid “不好”，也不是因为商业关系。

为何纳入这些平台

每个候选至少在一项已发布证据属性上与 Hyperliquid 不同（监管、法律实体映射、储备证明、托管、地域记录、产品或完整度）。选择由公开快照决定。

场所架构监管证据托管模式储备证明可得性费用透明度地域记录产品收录公开记录完整度法域

— Published venue boundary differs (interface vs exchange). Interface/protocol presentation is kept distinct from custodial exchange records.
— Regulatory records on file: Hyperliquid 0 (exact IDs 0) vs Crypto.com 2 (exact IDs 2).
— Custody claim records: Hyperliquid 1 vs Crypto.com 3.
— PoR snapshots on file: Hyperliquid 0 vs Crypto.com 1 (PoR ≠ audit).

监管证据托管模式储备证明可得性费用透明度地域记录产品收录公开记录完整度法域

— Regulatory records on file: Hyperliquid 0 (exact IDs 0) vs Binance 4 (exact IDs 4).
— Custody claim records: Hyperliquid 1 vs Binance 3.
— PoR snapshots on file: Hyperliquid 0 vs Binance 1 (PoR ≠ audit).
— Fee snapshots on file: Hyperliquid 8 vs Binance 2.

监管证据托管模式储备证明可得性费用透明度地域记录产品收录公开记录完整度法域

— Regulatory records on file: Hyperliquid 0 (exact IDs 0) vs Gate 1 (exact IDs 1).
— Custody claim records: Hyperliquid 1 vs Gate 7.
— PoR snapshots on file: Hyperliquid 0 vs Gate 1 (PoR ≠ audit).
— Fee snapshots on file: Hyperliquid 8 vs Gate 2.

监管证据托管模式储备证明可得性费用透明度地域记录产品收录公开记录完整度法域

— Regulatory records on file: Hyperliquid 0 (exact IDs 0) vs OKX 2 (exact IDs 1).
— Custody claim records: Hyperliquid 1 vs OKX 2.
— PoR snapshots on file: Hyperliquid 0 vs OKX 2 (PoR ≠ audit).
— Fee snapshots on file: Hyperliquid 8 vs OKX 2.

监管证据储备证明可得性费用透明度地域记录产品收录公开记录完整度法域

— Regulatory records on file: Hyperliquid 0 (exact IDs 0) vs Bitget 1 (exact IDs 0).
— PoR snapshots on file: Hyperliquid 0 vs Bitget 1 (PoR ≠ audit).
— Fee snapshots on file: Hyperliquid 8 vs Bitget 2.
— Geographic restriction records: Hyperliquid 2 vs Bitget 28.

未决问题与缺失领域保持未知。空单元格不是安全结论。

Hyperliquid: 条款写明 Interface／协议未获任何当局许可；未转换为“未受监管”授权行。
Hyperliquid: 非托管型界面。未预期／未发现储备证明披露。
Crypto.com: HISTORICAL only: Mazars AUP as of 2022-12-07 still hosted. Re-check 2026-09-13 found no newer dated official Exchange PoR / attestation / wallet disclosure snapshot. STALE as current reserve evidence — do not present as current.
Crypto.com: 已确认状态页。未结构化带日期的重大事件（状态≠事件）。
Binance: ADGM Nest trio roles mapped from official ADGM Terms; Binance FZE mapped from FZE Terms + VARA VL/24/04/001. Do not treat any single entity licence as brand-wide global authorisation. Nest Trading Limited role kept as unknown enum (broker-dealer/off-exchange per terms) pending richer role taxonomy.
Gate: 未收录经确认的一次事件记录。
Gate: Current platform PoR snapshot recorded from gate.com/proof-of-reserves (audit time 2026-08-19, Merkle+zk-SNARK). HACKEN Jan 2024 entry on the same page documents PoR implementation methodology — not treated as the current reserve snapshot date. Independent attester PDF for the 2026-08-19 snapshot not separately packaged.
OKX: 已确认状态页。本阶段未结构化带日期的重大事件。