1 hour ago
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Payward, the parent company of Kraken, has announced plans to introduce onchain perpetual futures to U.S. clients through Hyperliquid’s HIP-3 framework. This move is part of Payward’s strategy to leverage its regulated derivatives infrastructure, including Bitnomial as the exchange and NinjaTrader Clearing as the futures commission merchant. The new contracts will operate on Hyperliquid’s public blockchain, utilizing an onchain order book with access limited to onboarded and allowlisted accounts. Market participants interpret this development as a significant step in providing regulated U.S. access to onchain perpetuals, potentially impacting Hyperliquid’s price trajectory.
Key Takeaways
- Announcement suggests Payward aims to expand its derivatives offerings to U.S. clients through regulated onchain perpetual futures.
- Market pricing reflects a moderate impact on Hyperliquid’s price predictions, with current odds indicating mixed expectations.
- Participants appear to view the regulatory approach as a key factor in the potential success of this initiative.
What to Watch
Markets will closely monitor any regulatory responses or challenges that may arise from this announcement, as they could influence the viability of the proposed framework. Additionally, further details on the implementation and timeline of Hyperliquid HIP-3 could provide more insights into its potential market impact. Observers are also looking for any shifts in Hyperliquid’s market performance, which could indicate broader acceptance and integration of the new futures offerings.
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