Hyperliquid's HYPE Surges Amid US Market Access Talks

Hyperliquid's native token, HYPE, has surged to $84, nearing its recent all-time high of $86.7. This price increase follows reports that Hyperliquid Labs is in advanced discussions with Payward, the parent company of Kraken, to make selected crypto perpetual futures available to U.S. traders through Bitnomial.

The proposed structure would allow eligible U.S. traders to access a subset of Hyperliquid-linked perpetual futures through Bitnomial, a U.S.-regulated derivatives exchange and clearing platform. Payward has reportedly presented the framework to the Commodity Futures Trading Commission (CFTC), but regulatory approval remains outstanding.

Hyperliquid's CEO is not quoted in the source, but President Donald Trump mentioned in August that U.S. regulators were working to bring Hyperliquid into the country in a compliant manner.