Hyperliquid Discusses US Perpetual Futures Launch With Kraken Parent

Hyperliquid is in talks with Payward, the parent company of crypto exchange Kraken, over a potential US launch for its perpetual futures products, according to Decrypt. Under the proposed arrangement, the decentralized exchange’s perpetual contracts would be routed through Bitnomial, a US-regulated platform owned by Payward. The move would represent Hyperliquid’s first entry into the US market. The discussions come weeks after President Donald Trump said his administration was working to bring crypto activity onshore. Perpetual futures, commonly known as perps, are derivatives contracts that do not have an expiry date. The source did not report that a final agreement had been reached. The potential US expansion is relevant to HYPE, the token associated with Hyperliquid, as the market assesses how regulated access could affect the platform’s presence among US traders.