Payward Plans U.S. Onchain Perpetual Futures Through Hyperliquid

Payward plans to offer U.S. clients onchain perpetual futures through the Hyperliquid protocol, according to CoinDesk. The company is pursuing the initiative after acquiring Bitnomial for $550 million. The deal is intended to support Payward’s expansion into regulated derivatives markets and could make it the first registered U.S. exchange to deploy markets on Hyperliquid. Perpetual futures are derivatives that do not have a fixed expiration date, while placing the markets onchain would connect their trading infrastructure to the Hyperliquid protocol. The plans are relevant to the market for Hyperliquid’s HYPE token, which is among the assets associated with the report. The source did not provide launch timing, contract details or additional information about the products Payward may list for U.S. customers. The company’s proposal therefore remains a planned development rather than a currently available offering.