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Hyperliquid in talks with Payward to enter U.S. market
Hyperliquid Labs is in advanced negotiations with Payward, the parent company of Kraken, to facilitate its entry into the United States market. The proposed arrangement aims to provide American traders with access to selected crypto-linked perpetual futures through Bitnomial, a regulated subsidiary of Payward that holds licenses for exchange, clearing, and brokerage services.
Payward has reportedly submitted a formal proposal outlining this structure to the Commodity Futures Trading Commission (CFTC). While the plan seeks to provide a regulated pathway for Hyperliquid’s decentralized infrastructure, the process may take between 10 and 12 months to receive final regulatory approval. The discussions follow indications from Donald Trump that his administration would support bringing the platform to the U.S. in a compliant manner.
Hyperliquid currently restricts U.S. users from its main interface due to its decentralized, permissionless design, which regulators often view as a risk for market manipulation. The platform currently processes over $4 billion in daily trading volume. In related developments, Hyperliquid’s native token, HYPE, has seen increased market activity, including its addition to the Hashdex Nasdaq CME Crypto Index ETF.
Entities
Bitnomial · Commodity Futures Trading Commission · Donald Trump · Hyperliquid Labs · Kraken · Payward
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 14 SOURCES] Hyperliquid Labs is in advanced discussions with Payward, the parent company of Kraken, regarding entry into the US market. www.criptovaluta.it · newsbit.nl · coinacademy.fr · coin-turk.com · blockonomi.com · +8 more
- [○ 1 SOURCE] The HYPE token price rose from $82 to approximately $84 following the news. www.criptovaluta.it
- [● 6 SOURCES] Hyperliquid currently processes more than $4 billion in daily trading volume. newsbit.nl · coinacademy.fr · u.today · decrypt.co
- [● 14 SOURCES] Payward has submitted a proposal to the Commodity Futures Trading Commission (CFTC) regarding a potential structure for Hyperliquid. www.criptovaluta.it · newsbit.nl · coinacademy.fr · coin-turk.com · blockonomi.com · +8 more
- [● 9 SOURCES] Donald Trump previously indicated his administration would work to bring the trading platform to the United States. www.criptovaluta.it · newsbit.nl · coinacademy.fr · decrypt.co · bitnewsbot.com · +4 more
- [● 14 SOURCES] The proposed structure would allow US traders to access Hyperliquid perpetual futures through Bitnomial, a regulated subsidiary of Payward. www.criptovaluta.it · newsbit.nl · coinacademy.fr · coin-turk.com · www.criptotendencias.com · +8 more
- [● 2 SOURCES] The process could take at least 10 to 12 months, even if regulators moved quickly. blockonomi.com
- [● 5 SOURCES] Payward acquired Bitnomial earlier this year in a deal valued at up to $550 million. blockonomi.com · bitnewsbot.com · www.btc-echo.de · unchainedcrypto.com