Payward Brings Onchain Perpetuals to US Traders via Hyperliquid
PAYWARD, the parent company of cryptocurrency exchange Kraken, has announced plans to deploy onchain perpetual futures markets on Hyperliquid for eligible United States clients. The company will use a permissioned extension of the decentralized platform's builder-deployed contract framework.
The deployment will be listed under the rules of Bitnomial Exchange, LLC, subject to regulatory approval from the Commodity Futures Trading Commission (CFTC). This move aims to bridge Kraken's regulated stack with Hyperliquid's on-chain protocol, leveraging Payward's CFTC-licensed subsidiary Bitnomial.
The HIP-3* extension enables permissioned on-chain markets, requiring deployers to stake 500,000 HYPE, aligning token economics with regulatory compliance. Regulatory uncertainty and pending CFTC approval drive the delayed launch, as Payward awaits clearance for its US-focused futures structure.