Hyperliquid Labs Negotiates U.S. Market Entry with Payward
- Hyperliquid Labs is in discussions with Payward, the parent company of Kraken, regarding entry into the U.S. market.
- The potential deal could enable Hyperliquid clients to trade perpetual crypto futures via Bitnomial’s infrastructure.
- Payward has submitted a proposal to the CFTC detailing the necessary infrastructure for this offering.
- In August, President Donald Trump stated that the CFTC was working on bringing Hyperliquid legally to the U.S.
- Following Trump’s remarks, HYPE, Hyperliquid’s token, experienced a price increase of approximately 20%.
The ongoing negotiations signify a significant step for Hyperliquid as it seeks to operate within regulated frameworks in the U.S., potentially setting a precedent for other offshore trading venues. The partnership aims to address regulatory concerns while expanding market offerings in cryptocurrency derivatives.
As discussions progress, Hyperliquid’s plans could reshape how perpetual contracts are treated under U.S. law and influence competitive dynamics in crypto markets.(Source)
