Decentralized exchange Hyperliquid is in talks with Payward, the parent company of Kraken, to bring its crypto perpetual futures to US traders, according to a report from Decrypt.
Under the potential arrangement, Hyperliquid's perpetual futures would be routed through Bitnomial, a US-regulated exchange owned by Payward. Such a deal would mark Hyperliquid's first entry into the US market, where trading of crypto perpetual futures by retail traders has generally been restricted due to regulatory constraints.
The talks come weeks after President Trump said his administration was working to bring crypto perpetual futures trading onshore in the United States. Perpetual futures, commonly known as "perps," are derivative contracts that allow traders to speculate on the price of an asset without an expiry date, and they are widely traded on offshore crypto exchanges but have faced limited access for US-based traders.
