Hyperliquid Eyes US Launch Through Kraken

Hyperliquid Labs is negotiating with Payward, Kraken's parent company, to offer perpetual futures contracts to U.S.-based traders. The arrangement would route Hyperliquid's derivatives through Bitnomial, a CFTC-regulated exchange, sidestepping restrictions that currently prevent direct access to Hyperliquid's platform from the U.S. The talks are described as advanced, suggesting a potential near-term deal.

This move represents a path for Hyperliquid to tap the American market while maintaining regulatory compliance. Bitnomial's CFTC registration provides the legal framework needed to offer derivatives to U.S. customers, a structure other offshore platforms have explored as regulatory scrutiny intensifies.

• Hyperliquid seeks U.S. access via Bitnomial's CFTC license, with Kraken's parent company facilitating the arrangement.
• The strategy allows U.S. traders to gain exposure to Hyperliquid's perpetual futures without direct platform access.
• Regulatory-compliant derivatives venues are becoming a common workaround for offshore trading platforms seeking American users.