Hyperliquid Labs is in advanced talks with Payward, the parent company of crypto exchange Kraken, to bring the fast-growing trading platform's perpetual futures to US customers through a regulated US venue, Bloomberg reported Monday.
Hyperliquid could bring perpetual futures to U.S. traders through Payward and Bitnomial, pending final regulatory approval.
According to a report by Bloomberg, Hyperliquid, one of the industry's most prominent decentralized derivatives platforms, is in preliminary talks with Payward Inc., the parent company of the Kraken exchange, to evaluate a potential regulated expansion into the U.S. market.
Hyperliquid has faced a potential 10-to-12-month regulatory process to enter the U.S.
A deal would route the decentralized exchange's perpetual futures through Payward's US-regulated Bitnomial, marking Hyperliquid's first US foray—weeks after Trump said his administration was working to bring it onshore.
Hyperliquid's potential US entry could revolutionize the on-chain perpetual futures market by aligning it with American regulatory standards. Hyperliquid surges after Bloomberg reports talks with Payward for US market entry.
HYPE's potential U.S. market entry could boost investor confidence and trading volume, impacting its growth trajectory and regulatory landscape. Hyperliquid's HYPE token rises on US market entry talks with Payward: Bloomberg.
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