Hyperliquid Negotiates US Launch via Kraken’s Payward: A New Era for Crypto Perpetuals

Hyperliquid is in talks to launch in the US through Kraken’s parent company Payward.

Opening the Black Market to Mainstream

Hyperliquid’s $4 billion daily volume has been inaccessible to US traders until now. Routing through Bitnomial’s regulated infrastructure could unlock this massive platform for American users.

New Frontiers of Regulation

■Payward has presented a proposal to the Commodity Futures Trading Commission (CFTC).

■Bitnomial is a licensed U.S. digital‑asset exchange and clearing house.

■Hyperliquid’s permissionless design raises manipulation concerns; Bitnomial’s oversight aims to mitigate these risks.

Trump’s Political Support

■President Donald Trump highlighted that CFTC Chair Michael Selig is seeking a pathway for Hyperliquid.

■Trump’s remarks sent the HYPE token up 25 %.

■U.S. regulators are tightening rules that could bring offshore perpetual futures back onto domestic venues.

Market Implications for Investors

■US trading volume could multiply Hyperliquid’s current $4 billion daily flow.

■A regulated framework may attract risk‑averse traders.

■The move sets a precedent for other offshore platforms, potentially reshaping global crypto competition.

Hyperliquid’s US entry strategy signals how decentralized platforms can align with regulatory frameworks. This step may enhance transparency and confidence in crypto markets while deepening liquidity.