備選平台

Hyperliquid 備選平台 — 證據比較

備選平台用於證據比較，不是推薦。納入是因為公開證據屬性與 Hyperliquid 不同 — 不是因為 Hyperliquid「不好」，也不是因為商業關係。

為何納入這些平台

每個候選至少在一項已發布證據屬性上與 Hyperliquid 不同（監管、法律實體對應、準備金證明、託管、地域紀錄、產品或完整度）。選擇由公開快照決定。

平台	監管	法律實體	準備金證明	託管	地域範圍	產品	覆蓋度
Hyperliquid	0	1	0	1	2	1	5 / 7i
Crypto.com	2	3	1	3	38	2	7 / 7i
Binance	4	4	1	3	3	4	7 / 7i
Gate	1	1	1	7	35	3	7 / 7i
OKX	2	6	2	2	16	7	7 / 7i
Bitget	1	1	1	1	28	4	7 / 7i

場所架構監管證據託管模式準備金證明可得性費用透明度地域紀錄產品收錄公開紀錄完整度法域

— 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).

監管證據託管模式準備金證明可得性費用透明度地域紀錄產品收錄公開紀錄完整度法域

— 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.

監管證據託管模式準備金證明可得性費用透明度地域紀錄產品收錄公開紀錄完整度法域

— 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.

監管證據託管模式準備金證明可得性費用透明度地域紀錄產品收錄公開紀錄完整度法域

— 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.

監管證據準備金證明可得性費用透明度地域紀錄產品收錄公開紀錄完整度法域

— 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.

未決問題與缺失領域保持未知。空儲存格不是安全結論。

Hyperliquid: 條款寫明 Interface／協議未獲任何當局許可；未轉換為「未受監管」授權列。
Hyperliquid: 非託管型介面。未預期／未發現準備金證明揭露。
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: 已確認狀態頁。未結構化附日期的重大事件（狀態≠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: 未收錄經確認的一次事件紀錄。
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: 已確認狀態頁。本階段未結構化附日期的重大事件。

這不是「最佳備選」排名。檔案再核驗後差異可能變化。區域紀錄並不意味著全球獲批。