Hyperliquid in Talks With Kraken Parent to Bring Crypto Perpetual Futures to US Traders
Singapore-based crypto exchange Hyperliquid is reportedly in advanced talks with Payward, the parent company of Kraken, to bring its perpetual futures contracts to U.S. traders via Bitnomial, a regulated digital asset platform under Payward's umbrella. If finalized, this would mark Hyperliquid’s first foray into the American market and could set a precedent for other offshore platforms seeking regulatory approval in the U.S. The deal is still pending regulatory clearance from the Commodity Futures Trading Commission (CFTC), which has already been presented with Payward's proposal. Hyperliquid, known for its high daily trading volume of over $4 billion, operates as a decentralized platform without a central operator—making it difficult to comply with U.S. regulations around market manipulation and oversight. The discussions follow recent comments by President Donald Trump suggesting his administration is working on bringing platforms like Hyperliquid into the domestic regulatory framework.
Topics: crypto Hyperliquid Kraken perpetual futures U.S. market entry