Hyperliquid Tests Access Controls, and Kraken’s Parent Wants to Use Them
By Unchained
AI summary of the source article
Hyperliquid is developing opt-in access controls allowing market deployers to restrict trading access. Kraken's parent company, Payward, plans to be the first CFTC-regulated entity to utilize the framework, subject to regulatory approval.
Why it matters
Hyperliquid co-founder Jeff Yan stated that the initiative aims "to bring the next evolution of perpetual markets to the United States."
Key facts
- Hyperliquid's HIP-3* feature adds an optional onchain allowlist for outside builders deploying perpetual futures markets.
- Under Payward's proposed plan, Bitnomial would operate and clear the markets, while NinjaTrader Clearing would hold client accounts.
- The access-control feature is currently running on testnet, and no launch date for live trading has been set.
Source excerpt · Unchained
An optional onchain allowlist is available on Hyperliquid's testnet, and Payward wants to be the first CFTC-regulated firm to run markets with it through its own units, pending regulatory approval. The post Hyperliquid Tests Access Controls, and Kraken’s Parent Wants to Use Them appeared first on Unchained .