Hyperliquid draws Kraken parent’s interest – But HYPE’s $75 floor faces THIS

Parent company of crypto exchange Kraken, Payward, announced its intention to be the first Commodities Futures Trading Commission (CFTC)-regulated deployer on HIP-3 markets. Payward will use Hyperliquid [HYPE] as the infrastructure layer to deploy perpetual futures markets for U.S. clients, Hyperliquid wrote in a post on X. At press time, this arrangement is subject to regulatory approval. Bitnomial, Payward's CFTC-regulated designated contract market (DCM) and derivatives clearing organization (DCO) would create, own, and administer the markets while handling contract clearing and settlement. The proposed deployment will use HIP-3. This extension of the HIP-3* framework introduces optional deployer configuration of permissioned markets, the update read, and activation involve an onchain allowlist managed by the deployer.

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