The Hyperliquid platform plans to enter the American market via Kraken. The developer of the decentralized exchange is in active negotiations. The partner is Payward. It is the parent company of the popular Kraken exchange. The information is reported by the authoritative publication Bloomberg. The deal will allow customers to trade perpetual futures. Trading will take place through the special Bitnomial platform. Payward acquired this derivatives platform in April. The new infrastructure will ensure the launch of products in the United States.
The negotiations concern exclusively perpetual futures on crypto assets. Payward has already submitted a special proposal to the CFTC. The document contains a description of the basic trading infrastructure. A successful partnership will serve as an example for other platforms. Offshore exchanges will be able to operate legally in the United States. The HYPE token has shown little reaction to the important news. The asset is trading with a slight drawdown on the daily chart. Investors remain cautious amid regulatory changes. The market is awaiting official confirmation from US agencies.
In August 2026, a meeting was held in the USA between government representatives and participants in the crypto industry, at which the CFTC’s work on legally bringing Hyperliquid to the American market was discussed. The HYPE token rose by twenty percent after this statement. The non‑profit organization Hyperliquid Policy Center proposed a new approach. Experts want to equate perpetual contracts with regular futures. This will significantly simplify the corporate reporting of platforms. Requirements for decentralized exchanges will be noticeably reduced.
Traditional financial companies oppose such relaxations. The ICE and CME Group exchanges have a completely different position. They propose equating perpetual contracts with financial swaps. Traditional players want to control a large part of the market. Back in May, the companies called on regulators to strengthen oversight. ICE fears serious competition from decentralized platforms. Oil futures are traded after the closure of classic exchanges. This makes traditional price benchmarks less relevant. Regulators will have to find a compromise between innovation and stability.