Payward Unveils Plan for First US-Regulated On-Chain Perpetual Futures
Kraken's parent company, Payward, is making waves in the US derivatives market. The firm plans to introduce on-chain perpetual futures, regulated by Bitnomial and NinjaTrader Clearing.
The new markets will be built using Hyperliquid's public blockchain, with regulated entities responsible for operations. Only approved clients on both firms' allowlists can trade these contracts.
HYPE trades near $79.29 after recovering from an intraday low of about $75.