Crypto
Kraken Parent Payward Unveils Onchain Perpetual Futures for US Clients
Payward, the parent company of Kraken, is planning to introduce onchain perpetual futures for its U.S. clients. This move aims to enhance trading options and reflects a strategic expansion into the derivatives market.
The futures will be managed by Bitnomial for deployment, clearing, and settlement, while NinjaTrader Clearing will oversee client accounts. Payward is leveraging Hyperliquid's public blockchain for trading, starting with HIP-3 markets.
This development could attract more sophisticated traders seeking to capitalize on futures trading. However, it awaits regulatory approval from the relevant authorities.