Hyperliquid โ first serious shot at the US
Bloomberg says they're in talks with Payward, which is Kraken's parent company, and that difference is the entire story
in April Payward bought Bitnomial, a CFTC-regulated derivatives exchange. licence included
the shape of it:
US traders get access to part of Hyperliquid's futures
the regulated venue is Bitnomial
Payward already sent the structure to the CFTC
if it clears, that's Hyperliquid's first legal entry into the US
that last line is what people are trading. i'd read the three words before it instead ๐
what i'm actually looking at:
"part of the futures". nobody said which part, and that word is carrying a lot
the licence belongs to someone else, they're renting it
the CFTC approved nothing yet. a submitted structure is a plan, not a permission
honest version: a perps venue built to sit outside US reach is now asking for a key to the front door, politely, through a landlord
if it clears, the deepest derivatives pool on earth opens up and every offshore competitor has to answer it. if it sits in review, nothing changes except for the people who bought the headline
i'm not sizing anything on a regulator's mood. watching the docket ๐ซก
anyone here already trading perps from the US and knows how Bitnomial onboards? drop it in the comments and i'll pull the answers together
$HYPE #Hyperliquid