Hyperliquid Tests Access Controls, and Kraken’s Parent Wants to Use Them

Hyperliquid said on Oct. 26 that it is building an opt-in way for market deployers to limit who can trade, and that Payward , the parent company of Kraken, intends to be the first CFTC-regulated firm to use it. The decentralized perpetuals exchange laid out the plan in a post on X, adding that the setup still needs regulatory approval. Under the proposed setup, Payward would keep the whole chain in-house. Bitnomial , which is registered with the CFTC as both an exchange and a clearinghouse, would launch and operate the markets and clear and settle trades in them, if regulators sign off. The client accounts would sit with NinjaTrader Clearing , a Payward entity registered with the CFTC as a futures commission merchant.

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