Kraken to Bring Hyperliquid Perps to US via CFTC-Regulated Bitnomial
Summary
Kraken's parent Payward announced a partnership to offer Hyperliquid on-chain perpetual futures to US clients, using CFTC-regulated Bitnomial Exchange and Clearinghouse. This is a significant regulatory milestone—Hyperliquid's interface is currently blocked in the US, and this structure would allow compliant access. The deal is pending CFTC approval and could take months to implement, with tighter leverage limits and sanctions screening. HYPE rose 1.71% to $78.23 on the news, supported by fee-funded buybacks and record open interest. This follows Payward's recent $100M investment from Nasdaq Ventures at a $21B valuation, underscoring its push into regulated crypto derivatives.
This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Coinpedia.