Kraken's Parent Company to Launch U.S.-Regulated Perpetual Crypto Futures on Hyperliquid

On the 27th, Hyperliquid announced on X that Payward, the parent company of cryptocurrency exchange Kraken, intends to become the first operator to launch under the U.S. Commodity Futures Trading Commission (CFTC) regulations using the "HIP-3" framework, which allows businesses to operate their own markets. The plan is to launch a perpetual futures market for U.S. customers on this protocol, subject to regulatory approval.

Prior to this, on September 16, Payward...