Payward to Launch Regulated Hyperliquid Perpetual Futures for US Clients

Key Facts

In a move reflecting the ongoing push to integrate decentralized finance with rigorous regulatory frameworks, Payward, the parent company of Kraken, plans to offer Hyperliquid HIP-3 perpetual futures to eligible U.S. clients. According to reports, the service will be facilitated through the Bitnomial platform, which will serve as the infrastructure for deployment, clearing, and settlement. The initiative is currently subject to obtaining the necessary regulatory approvals before becoming operational.

This expansion comes amid significant growth in trading activity on the Hyperliquid protocol, with market data indicating that the venue processed approximately $237 billion in perpetual futures volume over the latest 30-day period. Payward’s strategy leverages Bitnomial’s status as a CFTC-regulated entity to ensure compliance with federal laws, marking a shift toward providing on-chain crypto derivative products within a regulated environment.

Looking ahead, traders are monitoring the final licensing milestones that will allow Payward to officially launch these contracts in the U.S. market. While specific instrument prices are unavailable at the close of September 16, 2026, the focus remains on upcoming regulatory developments, especially as decentralized perpetual exchange volumes continue to show strong year-over-year momentum.