Kraken Parent Firm Payward Brings US-Compliant Perpetual Futures Trading to Hyperliquid

Kraken's parent firm Payward is taking steps to bring onchain perpetual futures trading to the US market through its Hyperliquid blockchain. The platform would operate in partnership with CFTC-regulated Bitnomial Exchange, marking a significant move towards regulatory compliance.

The initiative will require American traders to maintain futures accounts with both NinjaTrader Clearing and Bitnomial for eligibility. This setup positions Bitnomial as the inaugural regulated US platform for Hyperliquid's onchain perpetual futures trading.

The HYPE token, which is tied to the Hyperliquid ecosystem, experienced a 4%+ price increase in response to the announcement. Binance also saw a 7% surge in open interest following the news, indicating strengthening bullish positioning among derivatives market participants.