Hyperliquid, Kraken parent explore regulated U.S. futures launch

Hyperliquid Labs and Kraken parent Payward have entered advanced talks to offer selected Hyperliquid-linked perpetual futures to U.S. traders through CFTC-regulated exchange Bitnomial. Summary Payward has presented the CFTC with an outline of the proposed arrangement. Bitnomial would list selected contracts rather than provide access to Hyperliquid’s decentralized platform. The parties still need regulatory clearance before making the products available. HYPE traded near $84 after gaining more than 60% since the start of August. Hyperliquid could reach U.S. traders through Bitnomial Bloomberg reported on Aug. 31 that Hyperliquid Labs and Payward are discussing a structure that would place selected crypto perpetual futures on Bitnomial, a U.S. derivatives exchange owned by the Kraken parent. Under the proposed setup, eligible American customers would trade the contracts through Bitnomial rather than connect directly to Hyperliquid’s decentralized platform. The companies have not disclosed which assets would be included, how many contracts could be listed, or whether HYPE would be among the underlying tokens. Payward has already presented the Commodity Futures Trading Commission with...