Kraken Tests Compliant DEX on Hyperliquid Testnet

Kraken may be testing a compliant version of its decentralized exchange (DEX) on Hyperliquid's testnet. A deployer called 'Kraken HIP-3 test DEX' has activated a permission system known as Star gating, allowing it to limit trading on its own market to approved wallets.

The deployment has added 10 wallets to its approved-user list and tested three of five compliance controls observed on the testnet. A validator has also been registered under the name 'Kraken Exchange Validator'.

However, Kraken's connection to the HIP-3 test remains unconfirmed. Hyperliquid allows permissionless deployments, meaning an unrelated user could create a market or validator carrying the exchange's name.