Kraken parent Payward plans Hyperliquid perpetual futures for US traders

Payward, the parent company of major crypto exchange Kraken, has revealed plans to introduce onchain perpetual futures products to US clients, leveraging technology from Hyperliquid . The initiative seeks to blend decentralized finance (DeFi) infrastructure with comprehensive US regulatory compliance, though its rollout is pending approval from relevant authorities. Perpetual futures—derivative contracts that allow for leveraged trading without a set expiration—have faced limited availability in the US because of complex regulatory requirements. By integrating Hyperliquid’s decentralized trading infrastructure with established US brokerage, clearing, and settlement services, Payward aims to offer these products under a regulated framework. Payward stated that trades would be matched and settled using Hyperliquid’s public blockchain and its HIP-3 framework, a system which enables outside teams to launch their own custom perpetual futures markets.

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