Hyperliquid Eyes U.S. Market in Talks with Kraken Parent

Hyperliquid is targeting the U.S. market in talks with Kraken's parent company, according to Bloomberg reports.

The news comes as Ethereum sellers have seemingly disappeared during a 27% price rally between June 3 and August 27, where 1.4 million ETH left exchange platforms, reducing ETH reserves on exchanges by 18%.

Kraken Prime recently rolled out unified trading, settlement, and access tools for institutional clients, allowing them to execute trades directly from the platform.