News
Public · Published
Grayscale Sees US Opportunity for Hyperliquid in Kraken Parent Plan
Grayscale says Payward, the parent company of Kraken, plans to bring onchain perpetual futures to U.S. traders, which could create a new market for Hyperliquid and potentially benefit HYPE.
Published:
Updated:
What happened
Grayscale says Payward, the parent company of Kraken, plans to bring onchain perpetual futures to U.S. traders, which could create a new market for Hyperliquid and potentially benefit HYPE.
Confirmed
Global impact / market context
If approved, access to U.S. futures traders could increase Hyperliquid trading activity, which matters for HYPE holders because more trading can generate more fees for the protocol, though this depends on regulatory approval and fees actually reaching the protocol.
Analyst inference
Perpetual futures are contracts that let traders bet on prices without expiry dates, and bringing them onchain means trades happen on blockchain-based platforms rather than traditional exchanges, potentially expanding Hyperliquid's investor reach and use.
Analyst inference
What to watch
- Grayscale sees a potential benefit for HYPE if Payward brings onchain perpetual futures to U.S. traders, but this depends on regulatory approval and trading fees reaching the protocol. Confirmed
- Payward plans to bring onchain perpetual futures to U.S. traders, which could open a new market for Hyperliquid and potentially expand access to U.S. futures traders. Proposed
- Investors should watch whether U.S. regulators approve the plan and whether trading fees actually flow to Hyperliquid, because those two conditions determine if HYPE holders benefit from increased activity. Analyst inference
Affected assets
- HYPE — Hyperliquid