Executive Summary
- •Hyperliquid Labs is in talks with Kraken parent Payward to enter the US market.
- •US traders would access perpetual futures via Payward's Bitnomial exchange pending regulatory sign-off.
- •The move follows President Trump stating he wants the platform brought onshore.
Community Sentiment
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Key Developments & Data
Hyperliquid Labs is currently in advanced discussions with Payward, the parent company of Kraken, to offer perpetual futures to US traders.
If the partnership secures regulatory sign-off, US operations would run directly through Payward’s Bitnomial exchange.
The potential deal follows recent comments from President Trump indicating his administration was working to bring the platform onshore.
Representatives from both Payward and Hyperliquid Labs have declined to comment, leaving the exact timeline and structural details unconfirmed.
Zubiqo Strategic Assessment
Primary Impact
US-based crypto derivatives traders and offshore exchanges looking for compliant entry points into the American regulatory perimeter.
Strategic Shift
Offshore decentralized perpetual platforms leveraging established, regulated US entities as proxy wrappers to bypass direct regulatory friction.
The Ripple Effect
Other major offshore perpetual platforms will likely seek partnership with registered US derivatives clearing organizations to follow this exact blueprint.
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This intelligence assessment is generated by Zubiqo's AI for informational purposes only.
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