Hyperliquid Expands US Reach through Kraken Partnership

Hyperliquid, a decentralized perpetual futures protocol, is set to expand its reach to U.S. market participants by launching HIP-3 markets through a collaboration with Kraken.

The development was announced by Payward, Kraken's parent company, which emphasized the use of Commodity Futures Trading Commission-regulated infrastructure for the deployment and clearing of these markets.

The introduction of Hyperliquid's HIP-3 framework represents a significant move as it will enable U.S. clients to access onchain perpetual futures, pending regulatory approval.

This initiative is expected to leverage Bitnomial for market deployment and NinjaTrader Clearing for U.S. customer accounts.