Hyperliquid Labs is in advanced talks with Kraken’s parent company Payward to bring its perpetual futures to U.S. traders, sending Hyperliquid up 5% to fresh all-time highs Monday.
What the Deal Would Actually Look Like
Bloomberg reported Monday that Payward’s subsidiary Bitnomial, a US-regulated digital asset exchange and clearinghouse, would give its registered users access to a subset of Hyperliquid’s crypto-linked perpetual futures.
Payward has already presented the CFTC with a proposal outlining the basic structure, according to people familiar with the matter.
The core issue holding Hyperliquid out of the U.S. has always been its permissionless design. With no central operator, anyone with internet access can trade on the platform freely, which has kept regulators wary over concerns about market manipulation and sanctions evasion.
