Kraken Parent Plans Regulated Hyperliquid Perps
The plan would route U.S. trades through Bitnomial and NinjaTrader Clearing, with permissioned access and no launch date set, Payward said.
- On Wednesday, September 16, Payward, parent company of Kraken, announced plans to offer perpetual futures to US clients through Hyperliquid's HIP-3 infrastructure, subject to regulatory approval.
- Earlier this year, Payward acquired Bitnomial for $550 million, providing the Commodity Futures Trading Commission -registered exchange and clearinghouse infrastructure needed for its domestic derivatives expansion.
- To trade, US clients must open futures accounts with NinjaTrader Clearing, while Bitnomial acts as the HIP-3 deployer managing market keys, allowlists, and regulatory obligations.
- Proposed contracts remain unavailable to US customers, as the companies have not disclosed a launch date or final regulatory clearance for the arrangement.
- This initiative connects public blockchain trading infrastructure with regulated US derivatives entities, expanding Payward's existing perpetual futures business into a new operational model.
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Kraken Parent Payward to Launch US Onchain Perpetuals
Payward plans to launch the first regulated U.S. onchain perpetual futures markets using the Hyperliquid protocol. Regulatory framework and oversight Payward, the parent company of cryptocurrency exchange Kraken, announced Sept. 16 its plans to deploy onchain perpetual futures markets for U.S. clients through the decentralized trading protocol Hyperliquid. The initiative, which remains subject to regulatory […]
Kraken Parent Payward Eyes Hyperliquid With No US Exchange Having Done It First
Payward wants to put US-regulated perpetual futures on Hyperliquid’s on-chain order book. No registered US exchange or clearinghouse has done… Read the original on Payward Targets US-Regulated Perpetual Futures on Hyperliquid, Breaking New Ground. For more crypto news and analysis, visit TheCurrencyAnalytics.com.
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