Hyperliquid and Kraken Parent Payward Discuss Bringing Crypto Perpetual Futures to US

Hyperliquid explores US market entry through Kraken’s parent company

Hyperliquid is reportedly in discussions with Payward, the parent company of the Kraken exchange, to offer crypto perpetual futures to traders in the United States. A perpetual future, often called a "perp," is a type of trading contract that allows people to bet on whether a cryptocurrency's price will go up or down without the contract having an expiration date.

Kraken is a cryptocurrency exchange, which is a digital marketplace where people buy and sell assets like Bitcoin and Ethereum. These talks represent an effort to navigate the strict regulatory rules in the U.S., which have limited the availability of such derivative products to retail investors.

Details of the ongoing discussions

• Hyperliquid and Payward are exploring a partnership to launch perpetual futures specifically for the U.S. market.
• Payward is the owner of Kraken, one of the most prominent platforms in the digital asset space.
• The discussions are currently in progress, and no final agreement or launch date has been officially announced.

Why this matters for the American crypto market

If a deal is reached, it could provide a regulated way for U.S.-based traders to access perpetual futures. These financial tools are highly popular in global markets because they allow for flexible trading strategies, but they have faced significant hurdles in the U.S. due to federal oversight and compliance requirements.

Sources

• Decrypt