Kraken Pushes for Introduction of Hyperliquid Perpetual Futures in the U.S.

Kraken's parent company, Payward, has announced plans to introduce hyperliquid-based perpetual futures products to the U.S. market. The aim is to offer perpetual futures to U.S. customers through the regulated exchange Bitnomial, which is overseen by the Commodity Futures Trading Commission (CFTC), thereby expanding access to digital asset derivatives. Perpetual futures are derivatives with no expiration date, allowing investors to bet on the price movements of underlying assets using leverage. Bitnomial is a regulated digital asset derivatives exchange in the U.S., and Payward intends to introduce perpetual futures that have been difficult to access in the existing market. Hyperliquid is a decentralized derivatives trading platform based on an on-chain order book, primarily offering perpetual futures trading as its main service. If this product is approved, U.S. investors will be able to access hyperliquid-linked perpetual futures through a regulated exchange. However, it has not yet been confirmed whether actual trading will occur on the hyperliquid network. The market is paying attention to this attempt as it may promote diversification of products in the U.S. digital asset derivatives market, with the approval from the CFTC and the product structure being key factors.

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