Kraken parent Payward plans US perpetual futures launch on Hyperliquid via Bitnomial
Kraken parent company Payward plans to offer CFTC-regulated perpetual futures to U.S. clients using Hyperliquid's HIP-3 framework, subject to regulatory approval.
Payward, the parent company of crypto exchange Kraken, plans to launch Commodity Futures Trading Commission-regulated perpetual futures for U.S. clients using Hyperliquid's infrastructure. Hyperliquid announced that Payward intends to become the first CFTC-regulated deployer under its HIP-3 market framework.[1][2][4][7]
Subject to regulatory approval, Payward's CFTC-regulated designated contract market and derivatives clearing organization, Bitnomial, would serve as the deployer to manage the markets as well as clear and settle contracts. Customer accounts would be carried by NinjaTrader Clearing, Payward's CFTC-registered futures commission merchant.[2][6]
To facilitate the regulated markets, Hyperliquid is developing HIP-3*, an upgrade introducing optional onchain allowlists that permit deployers to restrict market access without affecting existing HIP-3 markets. The initial permissioned-market functionality is currently available on testnet with specifications subject to change, while regulatory approval, a launch date, and HIP-3* mainnet deployment remain pending.[2][3][5]
Key facts
- Payward, the parent company of Kraken, plans to become the first CFTC-regulated deployer on Hyperliquid's HIP-3 framework to offer perpetual futures to U.S. clients.
- Payward's CFTC-regulated DCM and DCO, Bitnomial, would deploy the markets and handle clearing and settlement.
- Payward's CFTC-registered futures commission merchant, NinjaTrader Clearing, would carry client accounts.
- Hyperliquid is developing HIP-3*, which introduces optional onchain allowlists for permissioned markets without changing existing HIP-3 markets.
- The HIP-3* functionality is available on testnet, while regulatory approval, a launch date, and mainnet release remain pending.
Sources · 7 sources
- CN
crypto.news@cryptodotnewsPost on X ·
JUST IN: Kraken parent Payward plans to launch CFTC-regulated perpetual futures on Hyperliquid The company aims to become the first CFTC-regulated deployer on HIP-3 markets, using Hyperliquid’s infrastructure to offer perpetual futures markets to U.S. clients. https://t.co/5xlvdrvtE2
Open source - WB
Wu Blockchain@WuBlockchainPost on X ·
Hyperliquid: Kraken Parent Payward Plans to Become First CFTC-Regulated HIP-3* Deployer Hyperliquid announced that Kraken parent Payward plans to become the first CFTC-regulated HIP-3* deployer, using Hyperliquid infrastructure to offer perpetual futures markets to U.S. clients. Subject to regulatory approval, Payward's CFTC-regulated DCM and DCO, Bitnomial, would serve as the deployer, managing the markets and clearing and settling contracts, while its CFTC-registered FCM, NinjaTrader Clearing, would carry client accounts. HIP-3* will introduce optional onchain allowlists for permissioned markets without affecting existing HIP-3 markets. The initial version is available on testnet, with specifications subject to change.
Open source - BA
BanklessArticle ·
Hyperliquid Formally Backs Kraken Parent's Push for US-Regulated Perps Hyperliquid named Payward its intended first CFTC-regulated HIP-3* deployer, though approval, a launch date, and HIP-3* mainnet are still pending.
Open source - KO
kook@KookCapitalLLCPost on X ·
kraken just picked hyperliquid to run perps for americans, and ct still calls it an offshore casino krakens parent wants to be the first cftc regulated deployer on hip-3..... a normal american futures account trading straight on the hyperliquid order book kraken has 6.6m funded accounts and chose to plug into hyperliquid instead of building its own anthropic filed for its ipo today and the hyperliquid market did almost $10m in a day wall street is moving onto hyperliquid rails $HYPE at $79 is priced like a perp dex and that wont last
Open source - TB
The Block@TheBlockCoPost on X ·
THE BLOCK: Hyperliquid is developing optional permissioned-market functionality that could allow Kraken parent Payward to deploy perpetual futures markets for U.S. clients through its CFTC-regulated subsidiary Bitnomial. The HIP-3 upgrade would let deployers restrict market access through onchain allowlists, providing a potential way for regulated operators to offer markets on Hyperliquid while meeting applicable requirements. The functionality is available on testnet, and Payward’s planned deployment remains subject to regulatory approval.
Open source - CB
Crypto Banter@crypto_banterPost on X ·
🚨KRAKEN PARENT PLANS FIRST CFTC-REGULATED HIP-3* MARKETS ON HYPERLIQUID! Payward, parent of Kraken, announced it intends to be the first CFTC-regulated deployer on Hyperliquid HIP-3* markets. Subject to approval, Bitnomial (its CFTC-regulated DCM and DCO) would create, own, and clear perpetual futures markets for U.S. clients using Hyperliquid as the infrastructure layer, with NinjaTrader Clearing carrying the accounts.
Open source - TB
The BlockArticle ·
Hyperliquid says Kraken parent Payward to be first CFTC-regulated HIP-3 deployer Hyperliquid plans to make Kraken parent Payward the first CFTC-regulated HIP-3 deployer, a step toward regulated U.S. perpetual futures.
Open source