HYPE Rises as Hyperliquid Gets a Regulated Route to US Users Through Payward
Payward, the parent of Kraken, plans to launch US-client perpetual futures on Hyperliquid under CFTC regulation. The plan still needs regulatory approval.
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what happened
Stocktwits reports that Payward, the parent company of Kraken, intends to become the first CFTC-regulated firm to launch perpetual futures on Hyperliquid's decentralized exchange for US clients. Under the HIP-3 framework, Payward's Bitnomial unit would create and run the markets and handle clearing and settlement, while NinjaTrader Clearing would hold customer accounts.
The launch requires regulatory approval, and the related HIP-3* upgrade is currently running only on testnet. Hyperliquid says the approved-user allowlist is optional and existing markets are not affected.
why it matters
The move could address a major criticism of the platform, which has been faulted for lacking identity checks, a point CME Group CEO Terry Duffy raised last week. According to Stocktwits, HYPE rose about 0.6% over 24 hours, but the service is not live yet, so the effect on the token remains unclear.
market impact
HYPE: a regulated US access route could support interest in the token
- HYPE pressure up — regulated access for US clients could broaden demand
tags
instruments
sources
- HYPE Climbs As Hyperliquid Gets A Regulated Gateway To Enter The US Market Through Payward — Stocktwits, 27 October 2026 at 10:29 UTC
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