Payward’s Plan to Expand Hyperliquid in the U.S.
- Payward, Kraken’s parent company, plans to offer U.S. perpetual futures through Hyperliquid.
- Grayscale sees potential for increased protocol fees and HYPE purchases from this expansion.
- The proposed U.S. markets are subject to regulatory approval before launch.
- Hyperliquid averaged $9 billion in open interest during Q2, a year-over-year increase of 54%.
- HYPE, Hyperliquid’s native token, hit an all-time high of nearly $98 per coin recently.
Payward aims to expand its reach by offering U.S. perpetual futures through the Hyperliquid platform, pending regulatory approval. This move could potentially enhance trading activity and increase protocol fees, benefiting the fee-based token purchase mechanism for HYPE.
If approved, Payward’s plan could significantly boost Hyperliquid’s market presence and validate its infrastructure while potentially increasing the value of its native token HYPE through enhanced fee revenue.Source
