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 announced plans to offer perpetual futures to US clients using Hyperliquid's HIP-3 infrastructure, subject to regulatory approval.
- Earlier this year, Payward acquired Bitnomial for $550 million, securing the Commodity Futures Trading Commission -registered exchange and clearinghouse infrastructure needed for 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.
- Regulatory clearance and a launch date have not been disclosed, and the proposed contracts remain unavailable to US customers pending final approval.
- Connecting public blockchain infrastructure with regulated entities, the plan expands on Payward's existing perpetual futures business and positions the company in the growing on-chain derivatives market.
26 Articles
26 Articles
Payward, the parent company of Kraken, aims to become the first exchange registered in the United States to launch contracts on Hyperliquid. The company has announced its intention to offer American customers access to perpetual futures onchain, a product that has so far lived almost exclusively outside the US regulated circuits. However, the transaction remains conditional upon the approval of the authorities [...]
Payward Wants to Put US-Regulated Perpetual Futures on Hyperliquid
Payward plans to bring US-regulated perpetual futures to Hyperliquid’s on-chain order book. The markets would use Hyperliquid’s infrastructure, but access, clearing and administration would stay with Payward’s regulated Bitnomial and NinjaTrader entities.London's trading industry is coming home!Kraken's parent company plans to begin with Hyperliquid’s HIP-3 framework, but the access would not resemble the protocol’s usual permissionless model: U…
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