Kraken Parent Payward Plans Onchain Perpetual Futures for US Clients on Hyperliquid

Payward, the parent company of Kraken, plans to launch onchain perpetual futures for US clients through Hyperliquid’s HIP-3 markets. The move could connect regulated US derivatives infrastructure with one of crypto’s largest onchain trading venues.

Regulated Access to Hyperliquid

Payward plans to use Bitnomial Exchange and Clearinghouse to create, manage, clear, and settle the contracts. Additionally, NinjaTrader Clearing will carry eligible client accounts and enforce access requirements.

Only clients who complete onboarding and meet both firms’ allowlists can trade the new contracts. Hence, Payward can bring Hyperliquid-based perpetuals into a regulated US framework.

The contracts will trade on Hyperliquid’s public blockchain, which records transactions through an onchain order book. However, Payward will retain responsibility for the regulated market infra…

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