Hyperliquid and Kraken's Payward Unite on Crypto Perpetual Futures for US Market

Hyperliquid Labs is teaming up with Payward, the parent entity behind Kraken exchange, to launch crypto perpetual futures for American traders. The two companies are negotiating a partnership that will allow Bitnomial, a Payward-owned subsidiary, to serve as the U.S.-regulated trading infrastructure.

The proposed arrangement would enable verified U.S. participants to access a curated portfolio of crypto perpetuals connected to Hyperliquid's liquidity pools via Bitnomial's regulated infrastructure.

Payward completed its acquisition of Bitnomial earlier this year, providing it with comprehensive CFTC-approved derivatives infrastructure encompassing exchange operations, clearinghouse functions, and brokerage services.