Hyperliquid explores U.S. futures access via Bitnomial partnership

Hyperliquid Labs is in advanced discussions with Payward, the parent company of crypto exchange Kraken, to bring a selection of its perpetual futures products to U.S. traders through a regulated pathway. The proposed arrangement would route trading through Bitnomial, a CFTC-regulated exchange and clearinghouse that Payward acquired earlier this year, rather than opening Hyperliquid's own decentralized platform to American users. Under the structure being explored, registered U.S. customers would access a subset of crypto-linked perpetual futures tied to Hyperliquid's blockchain via Bitnomial.