Kraken Parent Payward Plans to Become First CFTC-Regulated…
By Karthik Subramanian
AI summary of the source article
Kraken parent Payward plans to become the first CFTC-regulated deployer of perpetual futures markets using Hyperliquid's HIP-3* infrastructure. The proposal remains subject to regulatory approval, with Bitnomial administering clearing and NinjaTrader Clearing maintaining customer accounts.
Why it matters
For Hyperliquid, the partnership could demonstrate how decentralized exchange infrastructure can support markets operated by traditional regulated intermediaries. For Payward, it offers a potential route to expanding US derivatives access without developing an entirely separate blockchain trading system.
Key facts
- Payward plans to offer perpetual futures markets to eligible US customers using Hyperliquid's blockchain infrastructure, subject to CFTC approval.
- Bitnomial will handle market administration, clearing, and settlement, while NinjaTrader Clearing will maintain customer accounts.
- Hyperliquid's HIP-3 framework requires deployers to stake at least 500,000 HYPE tokens and introduces an optional permissioning allowlist mechanism.
Source excerpt · FinanceFeeds
Payward, the parent company of cryptocurrency exchange Kraken, plans to become the first CFTC-regulated deployer of perpetual futures markets using Hyperliquid 's HIP-3* infrastructure, according to an October 26, 2026 announcement from the blockchain protocol. The proposal would allow eligible US customers to trade perpetual futures through markets operated by Payward's regulated derivatives subs…