Kraken parent Payward confirms plan to offer onchain perpetual futures to U.S. clients via Hyperliquid, pending regulatory approval
AI Market Summary
Payward (Kraken's parent) confirmed plans to offer onchain perpetual futures to U.S. clients via Hyperliquid, pending regulatory approval. The structure routes trading through Bitnomial's CFTC-regulated exchange/clearing and permissioned HIP3 markets, with NinjaTrader managing client accounts. If approved, this could broaden U.S. access to onchain derivatives and improve institutional credibility for onchain perps, supporting liquidity and venue competition.
Impact level
● Medium
Affected assets
HYPERLANE/USDT-5.18%
AI Insight · HYPERLANE/USDTAI Insight
▲ Bullish
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Payward, the parent company of crypto exchange Kraken, has confirmed it intends to bring onchain perpetual futures to U.S. customers through Hyperliquid, subject to regulatory approval. The rollout would run through Bitnomial, Payward's CFTC-regulated exchange and clearinghouse, which would deploy and operate permissioned HIP3 markets. NinjaTrader would manage client accounts.
