Hyperliquid in Advanced Talks With Kraken Parent on US Perpetuals Push

Hyperliquid Labs is in advanced discussions with Payward, the parent company of Kraken, about launching its perpetual futures trading platform for U.S. traders, according to Bloomberg. The negotiations are still ongoing, and a deal has not yet been finalized or publicly confirmed by either party.

The proposed arrangement would involve routing U.S. traders through CFTC-regulated Bitnomial, a move that could facilitate compliance with U.S. trading regulations. However, neither Payward nor Hyperliquid has officially confirmed the deal, and it remains subject to regulatory approval.

This development highlights ongoing efforts within the crypto industry to expand derivatives trading offerings in the United States while navigating the complex regulatory landscape. If successful, the partnership could enhance trading options for U.S. users and potentially influence the broader market for crypto derivatives.

Further details about the terms of the deal or the timeline for potential launch have not been disclosed, and the situation remains fluid as negotiations continue.