Hyperliquid and Kraken’s Payward in Talks to Offer Crypto Perpetual Futures to U.S. Traders
TLDR
- Hyperliquid Labs and Kraken parent Payward are in advanced talks to bring crypto perpetual futures to U.S. traders via Payward subsidiary Bitnomial
- Payward has presented the CFTC with a proposal outlining the planned structure, but regulatory approval is still pending
- Former SEC counsel Ashley Ebersole says the approval process could take 10 to 12 months
- Hyperliquid processes over $4 billion in daily volume but currently blocks U.S. customers from its platform
- HYPE token is up over 85% in the past year and recently hit an all-time high just above $86
Hyperliquid Labs is working toward bringing its crypto perpetual futures products to U.S. traders through a partnership with Payward, the parent company of crypto exchange Kraken. Bloomberg first reported the talks, which center on using Payward’s regulated subsidiary Bitnomial as the U.S.-based trading venue.
Hyperliquid in Advanced Talks With Kraken Parent Payward to Enter U.S. Market
Bloomberg reported that Hyperliquid Labs is in advanced talks with Kraken parent Payward to enter the U.S. market. If approved by regulators, Payward’s U.S.-regulated exchange and clearinghouse… pic.twitter.com/C4sjOE8Bdh
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