Kraken’s Parent Company Is Bringing U.S. Perps to Hyperliquid
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@krakenfx parent company Payward is bringing on-chain perpetual futures to U.S. customers through
@HyperliquidX.
The important part isn’t just Kraken entering on-chain perps.
It’s that Hyperliquid is becoming the infrastructure where a registered U.S. exchange and clearinghouse can deploy a market.
The setup:
• Payward provides access to U.S. customers
•
@Bitnomial deploys and clears the HIP-3 market
• NinjaTrader Clearing hosts customer accounts
• Hyperliquid provides the on-chain perpetuals infrastructure
Payward says this will be the first registered U.S. exchange and clearinghouse to deploy a market on Hyperliquid.
That makes HIP-3 particularly interesting.
Hyperliquid is no longer only competing with CEXs for crypto-native traders. Its infrastructure is starting to connect with regulated U.S. market participants.
If this model scales, Hyperliquid could become more than a place to trade perps.
It could become the on-chain market infrastructure layer for regulated derivatives.