Hyperliquid in advanced talks with Payward to bring perpetual futures to US traders

Hyperliquid is in advanced negotiations with Payward to operate its perpetual futures platform in the United States through Bitnomial, Payward's regulated subsidiary. The arrangement would mark Hyperliquid's initial entry into the US market by channeling trading activity through a compliant infrastructure partner. The timing aligns with recent political signals favoring crypto regulation, as the incoming administration indicated plans to facilitate regulated onshore crypto offerings.

The potential partnership could reshape how on-chain perpetual futures operate domestically by bringing decentralized exchange functionality within US regulatory frameworks. This represents a critical step for Hyperliquid's expansion beyond international markets into one of the world's largest trading jurisdictions.

• Hyperliquid would offer perpetual futures to US traders via Payward's regulated Bitnomial subsidiary, providing its first domestic market entry.
• The deal aligns decentralized exchange operations with American regulatory standards rather than operating in an unregulated capacity.
• The move follows recent political messaging around bringing crypto infrastructure onshore under formal oversight.