Kraken parent plans regulated Hyperliquid perps for US traders

What happened

Kraken's parent company, Payward, plans to offer regulated perpetual futures contracts on Hyperliquid's blockchain to U.S. traders, but only those with verified and approved accounts will be allowed to trade.

Confirmed

Global impact / market context

This could let U.S. investors trade complex crypto products, known as perpetual futures, which are contracts to buy or sell an asset at a set price without an expiry date. It may drive more trading activity and revenue for Kraken while expanding Hyperliquid's reach.

Analyst inference

The move connects a major exchange, Kraken, with a newer blockchain platform, Hyperliquid, whose token is HYPE. U.S. regulatory approval could attract more traders, potentially increasing demand for HYPE and boosting volumes on both platforms.

Analyst inference

What to watch

1. Payward will need regulatory approval to offer these Hyperliquid-based perps, which are perpetual futures contracts, to U.S. traders, and trading will be limited to approved accounts only. Confirmed
2. Watch whether Kraken publicly confirms a launch timeline or testing phase for this service, as the article only states the parent company's plan without specifying dates or technical details. Proposed
3. Investors should watch HYPE trading volumes and price movement, as broader U.S. trader access to Hyperliquid's blockchain could increase demand for its native token and related activity. Analyst inference

Affected assets

• HYPE — Hyperliquid

Evidence

• ambcrypto.com