Hyperliquid Surges 3.5% as Kraken Parent Plans Compliant US Access

Hyperliquid's (HYPE) price surged by 3.5% after news broke out that Payward, Kraken's parent company, plans to use Hyperliquid for regulated U.S. onchain perpetual futures via its HIP-3 framework.

This development is significant as it would be the first compliant route for U.S. onchain perps built on Hyperliquid, pending regulatory approval.

The market reacted positively to this news, with HYPE trading around $78-$79 on September 16th and moving towards the low 80s with a +4.28% increase over the latest 24 hours, which coincides with the narrative gaining prominence.