🚀 Kraken’s Parent Targets Regulated Perps on Hyperliquid How could this work in practice? 1️⃣ @HyperliquidX provides the infrastructure. Its on-chain system powers the perpetual futures markets. 2️⃣ @Payward regulated entities handle compliance. If approved, Bitnomial would deploy and manage the markets, while NinjaTrader Clearing would handle customer accounts. 3️⃣ US customers gain access. Traders could access crypto derivatives through a regulated setup built on Hyperliquid’s infrastructure. Think of it as traditional finance using Hyperliquid as its trading engine. Instead of building everything from scratch, regulated firms could leverage existing on-chain infrastructure to bring derivatives to eligible US customers. If this model works, more financial firms could follow, potentially bringing more users, liquidity, and trading activity to Hyperliquid. The key question is whether regulatory approval and real customer demand can turn this plan into a functioning market.