🗣️ Kraken and Hyperliquid in Talks to Launch U.S. Perpetuals
.@HyperliquidX is reportedly in advanced talks with Kraken's parent company, Payward, to bring perpetual trading products to U.S. users.
According to Bloomberg, the potential deal would use Bitnomial, a U.S.-regulated digital asset exchange and clearinghouse, to provide compliant access to some Hyperliquid perpetual contracts.
This could be a major breakthrough for Hyperliquid.
Despite processing over $4 billion in daily trading volume, Hyperliquid has been inaccessible to U.S. users due to its decentralized structure and lack of a centralized operator.
A partnership with Bitnomial could provide the regulated infrastructure needed to enter the U.S. market.
However, any agreement would still require regulatory approval, with Payward reportedly submitting a proposal outlining the structure to the CFTC.
If approved, this could mark Hyperliquid's first major entry into the U.S. market.
The race to bring perpetual trading onshore in the U.S. is accelerating, and Hyperliquid could soon become part of it.