Hyperliquid seeks US foothold through Kraken parent Payward in crypto perpetuals deal: Bloomberg

ملخص

Hyperliquid is pursuing a US market entry by partnering with Kraken’s parent Payward to launch crypto perpetual contracts; Payward has submitted an outline of the proposed structure to the CFTC, but regulatory approval remains pending.

Market Context

If the CFTC approves the structure, Kraken could expand US crypto derivatives volume, potentially shifting market share from competitors such as Coinbase (COIN) and increasing activity on regulated futures platforms like CME Group (CME); however, the pending decision adds uncertainty to the timing and magnitude of any impact.

المحركات الرئيسية

• article reports Payward submitted a CFTC outline for a crypto perpetuals structure
• Hyperliquid seeks a US foothold through a Kraken partnership
• regulatory approval is still pending

المخاطر

• approval timeline and outcome are uncertain
• regulatory scrutiny could impose constraints or delays
• competition from established US exchanges may limit market impact

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