Kraken parent plans regulated Hyperliquid perps

Payward has announced plans to bring on-chain perpetual futures to eligible U.S. clients through Hyperliquid’s HIP-3 infrastructure, using CFTC-regulated Bitnomial to deploy, clear and settle the proposed contracts. Summary Payward plans regulated Hyperliquid perpetual markets for eligible U.S. clients, subject to regulatory approval first. Bitnomial would deploy, administer, clear and settle HIP-3 contracts under its existing CFTC-regulated infrastructure stack. NinjaTrader Clearing would carry client accounts, restricting access to users approved by both entities beforehand. Hyperliquid recorded nearly $237 billion in perpetual trading volume over thirty days, DefiLlama data shows. Payward reported 6.6 million funded accounts at June-end after launching regulated U.S. perpetuals through Bitnomial. Payward, the parent company of Kraken, said on Sept. 16 that Hyperliquid would be the first blockchain protocol used for the initiative. The planned markets remain subject to regulatory approval and are not yet available for U.S. trading. The proposal expands on Payward’s existing U.S. derivatives business. In its second-quarter 2026 financial update, the company said Bitnomial infrastr...