News
Public · Published
Kraken Parent Payward to Launch US Onchain Perpetuals
Payward, the parent company of cryptocurrency exchange Kraken, announced plans to launch the first regulated U.S. onchain perpetual futures markets using the Hyperliquid protocol. The announcement was made in September, according to the article.
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What happened
Payward, the parent company of cryptocurrency exchange Kraken, announced plans to launch the first regulated U.S. onchain perpetual futures markets using the Hyperliquid protocol. The announcement was made in September, according to the article.
Confirmed
Global impact / market context
This could bring regulated perpetual futures trading to U.S. investors through onchain technology, which means trading directly on a blockchain. It may increase Kraken's revenue from trading fees and expand the use of Hyperliquid's protocol, benefiting HYPE token holders.
Analyst inference
Perpetual futures are contracts without an expiry date, often used for speculation. Launching regulated onchain versions may signal growing acceptance of crypto derivatives in the U.S., potentially impacting other exchanges and the demand for HYPE, the asset linked to this protocol.
Analyst inference
What to watch
- Monitor official announcements from Payward for the exact launch date and regulatory approvals, as the article only confirms the announcement and the planned use of the Hyperliquid protocol. Confirmed
- Investors should consider that this move may set a precedent for other exchanges to offer similar regulated onchain products, but details on adoption and market impact are not yet available. Proposed
- Watch for changes in trading volumes on Kraken and HYPE's price, which may reflect investor interest in these new perpetual futures, but such effects are not stated in the article. Analyst inference
Affected assets
- HYPE — Hyperliquid