Kraken Parent Payward Plans Regulated Onchain Perpetual Futures for U.S. Traders

Payward, the parent company of cryptocurrency exchange Kraken, is planning to launch onchain perpetual futures markets built on Hyperliquid for U.S. traders through a regulated derivatives structure.

The proposed offering will begin with Hyperliquid HIP-3 markets, which are builder-deployed permissioned perpetual futures markets.

According to the plan, Payward would use Hyperliquid's public blockchain for trading infrastructure while placing the markets within its U.S. regulated derivatives operations.